Couche-Tard gets another chance at 7-Eleven bid

Alimentation Couche-Tard’s ambition to acquire 7-Eleven parent Seven and i Holdings Corp. has a new lease on life after the collapse of a rival bid. Itō Junro, son of Seven and i founder Itō Masatoshi, sought to head off the Canadian group’s proposal with one of his own. The Japanese retailer announced yesterday that it has learned the younger Itō has been “unable to secure the financing required” to bring forward an “actionable proposal.”