The Japan-based parent company of 7-Eleven said in a statement on Friday that it was rejecting a takeover bid from the Canadian parent of Circle K convenience stores, arguing that their $38.55 billion offer "grossly undervalues" their company. Seven & i Holdings said the takeover offer from Alimentation Couche-Tard was not in the best interest of the company. The proposal came after Seven & i announced in April a restructuring ...