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Seven & i takeover bid signals opening for corporate bargain hunters

Retail group among Japan blue chips with relatively low valuations

Seven & i Holdings operates a sprawling retail empire in Japan, including 7-Eleven convenience stores. (Photo by Yoshiyuki Tamai)

TOKYO -- The proposed acquisition of Seven & i Holdings by Canada's Alimentation Couche-Tard highlights how even the largest Japanese companies are vulnerable to takeovers, given their relatively low valuations compared with counterparts overseas.

Seven & i operates the 7-Eleven convenience store chain in Japan, and is one of the country's leading retail groups.

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