Five Things You Need to Know to Start Your Day: Asia

Couche-Tard won’t give up on 7-Eleven. Japanese businesses are souring on China. Asia stocks set to drop. Here’s what you need to know today.

Canadian convenience retailer Couche-Tard plans to tell 7-Eleven owner Seven & i Holdings that it’s still keen to pursue an acquisition, even after the Japanese store operator rejected its initial proposal, people with knowledge of the matter said. Couche-Tard plans to write to Seven & i in the coming days to reiterate its interest in a deal, according to the people. It could signal a willingness to offer more than the $39 billion proposal that was rejected if Seven & i agrees to friendly negotiations. While Couche-Tard would prefer a friendly agreement, it has not ruled out going directly to Seven & i shareholders with its bid, the people said.