Japan's Seven & i has rightly deemed a takeover offer from Canada's Couche-Tard as too low, according to Suntory Holdings chief executive Takeshi Niinami. Niinami shared this assessment on Wednesday.

The bid for the operator of 7-Eleven convenience stores has raised concerns among Japanese chief executives about potential foreign acquisitions, Niinami noted during an interview with Reuters NEXT Newsmaker.

Niinami, aged 65, is a prominent figure in Japan's business world, holding the position of chair at the Keizai Doyukai business lobby and having previously served as an adviser to former Prime Minister Yoshihide Suga.

Source: Reuters