Operator of 7-Eleven in Japan receives takeover offer from Alimentation Couche-Tard

7-11-1.14597874 Melbourne, Australia: March 23, 2017: 7-Eleven convenience store in the Melbourne suburb of St Kilda. 7-Eleven is a Japanese-owned American international chain of convenience stores, headquartered in Irving, Texas, it has 64,319 stores in 18 countries as of January 2018 (jax10289/iStock.com/jax10289)

MONTREAL - The company behind the 7-Eleven convenience store chain in Japan says it has received a takeover offer from Alimentation Couche-Tard Inc.

Terms of the proposal by the Canadian convenience store company were not disclosed.

In a statement, Seven & i Holdings Co. Ltd. says it has received a confidential, non-binding and preliminary offer from Couche-Tard to buy all of the outstanding shares of the company.

The board of directors of the Japanese retailer has formed a special committee to review the proposal.

Seven & i says the committee will conduct a careful and comprehensive review of the proposal, the company's stand-alone plans and other alternatives.

Couche-Tard has operations in 31 countries and territories and more than 16,700 stores.