The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion.

7-Eleven owner confirms the ‘revised’ takeover offer from Couche-Tard

Masatoshi Ito, the Japanese man behind the hugely successful 7-Eleven convenience store chain has died aged 98. As per a BBC report, the Japanese billionaire helped turn the store chain into a global business empire.

Obituary | Masatoshi Ito, the Japanese man behind global success of 7-Eleven dies aged 98

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7-Eleven owner confirms the ‘revised’ takeover offer from Couche-Tard

Obituary | Masatoshi Ito, the Japanese man behind global success of 7-Eleven dies aged 98