FamilyMart says it has received tender offer proposal from Itochu

FamilyMart says it has received tender offer proposal from Itochu

FILE PHOTO: The signboard of a joint FamilyMart/Don Quijote convenience store is pictured in Tachikawa, Tokyo, Japan June 1, 2018. REUTERS/Sam Nussey/File Photo

Japanese convenience store chain FamilyMart Co said on Wednesday it had received a proposal from Itochu Corp that the trading house would buy its shares through a tender offer, in a deal one newspaper said could be worth up to $5.6 billion.

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