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Seven & i refused advisor talks because of Couche-Tard low bid

TOKYO: Japan's Seven & i said on Monday that Couche-Tard's low takeover bid was the reason it would not agree to advisor talks between the companies or to sign a non-disclosure agreement.

The Canadian company's offer significantly undervalues Seven & i's potential to realise shareholder value in the short to medium term, the Japanese retail giant said in a response to a previous statement from Couche-Tard.

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