April 30 (Reuters) - Canada's Alimentation Couche-Tard ( ANCTF )
said on Wednesday that it has signed a non-disclosure
agreement with Japanese retail giant Seven & i Holdings ( SVNDF )
for its takeover offer.
The detailed terms of the agreement will remain
confidential, Seven & i ( SVNDF ) said in a separate statement.
Paul Yonamine, who chairs Seven & i's ( SVNDF ) independent Special
Committee of the Board of Directors, said that "the execution of
the NDA is a positive step in the constructive engagement
process with ACT," in the separate statement.
Couche-Tard, which operates the Circle-K convenience stores
in Canada and the United States, has been trying to acquire
Seven & i ( SVNDF ) since August.