Convenience store company Seven-Eleven Japan has announced that it will amend its tender offer for all shares of its US affiliate 7-Eleven not already owned by Seven-Eleven Japan and its subsidiaries by increasing the offer price to US$37.50 per share.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The special committee of the board of directors of 7-Eleven will recommend that shareholders tender their shares in connection with the amended offer, the companies said.
The committee had rejected the original offer which was priced at $32.50.