Canadian convenience store operator Alimentation Couche-Tard Inc. still has room to increase its $47 billion bid for Seven & i Holdings Co., but any further boost is likely to be small, analysts say.

Seven & i Holdings announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend off a $47-billion takeover bid from Canada's Alimentation Couche-Tard .

Alimentation Couche-Tard Inc., the parent of the Circle K convenience-store chain, has raised its offer to acquire Seven & i Holdings Co. Ltd., the parent of the 7-Eleven and Speedway c-store chains, from $14.86 per share or approximately $39 billion, to $18.19 per share or approximately $47.2 billion, about 21%, according to a Bloomberg report.

Japan's Seven & i (OTCPK:SVNDY) on Thursday unveiled plans to establish an intermediate holding company that will preside over the retailer's supermarket food business, specialty store and other businesses,

Seven & i Holdings announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend off a $47 billion takeover bid from Canada's Alimentation Couche-Tard.

LAVAL, Quebec, & TOKYO — Alimentation Couche-Tard Inc. is continuing its efforts to acquire Seven & i Holdings Co Ltd., parent company to 7-Eleven Inc. Seven & i confirmed on Oct. 9 that it had received a revised confidential, private and nonbinding proposal from Couche-Tard.