Sept 8 (Reuters) - Alimentation Couche-Tard ( ANCTF )
plans to tell 7-Eleven operator Seven & i Holdings ( SVNDF ) that
it was still keen to pursue an acquisition, Bloomberg News
reported on Sunday citing people familiar with the matter.
The Canadian convenience retailer plans to write to the Japanese
retailer in the coming days to reiterate its interest in a deal
and has not ruled out going directly to the shareholders with
its bid, the report said.
Couche-Tard and Seven & i ( SVNDF ) did not immediately respond to a
Reuters request for comment.
Seven & i ( SVNDF ), which said last month it had received an offer
from Circle-K owner Couche-Tard without naming the price,
disclosed the bid was at $14.86 a share and said it was open to
"sincerely consider" any proposals.
The proposal could signal a willingness to offer a higher
price if Seven & i ( SVNDF ) agrees to friendly negotiations, the report
said citing one person familiar with the matter.
The 7-Eleven operator has said the proposal is not in the
best interest of its shareholders and could face antitrust
challenges in the U.S., as the combined entity would be the
convenience store industry's biggest by a considerable margin.