The Japanese operator of 7-Eleven is discussing ways to defend itself against a takeover bid by Canada’s Alimentation Couche-Tard, including by applying for the same status as companies in the nuclear and semiconductor industries.
Two people close to Seven & i Holdings said such a tactic, which would involve trying to persuade the government to change the company’s designation from a “non-core” to a more protected “core” rating under Japan’s Foreign Exchange and Foreign Trade Act (Fefta), was among several options under examination.
A spokesman for Seven & i declined to comment.
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