Circle K's parent ups bid for 7-Eleven chain to $47 billion

Oct. 9 (UPI) -- The parent of the Canadian-based convenience store chain Circle K has increased its buyout offer to purchase the iconic 7-Eleven stores from its Japanese owner this week.

Seven & i Holdings, the parent of 7-Eleven confirmed on Wednesday that Alimentation Couche-Tard increased its takeover offer to $47 billion.

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