Tard will continue its friendly pursuit of Seven & i, executives said, even as they vented their frustrations over the slow progress in acquisition talks with the Japanese owner of the 7-Eleven convenience-store chain.

What can you do when you can’t go hostile in a deal? For Alimentation Couche-Tard , the answer is a press conference. On Thursday, the Canadian owner of the Circle-K convenience store chain made the case for its takeover of Japan’s Seven & i to local media in Tokyo - a first since launching a $47 billion offer in August.

Canada’s Alimentation Couche-Tard has reiterated its determination to acquire Seven & i Holdings, although the operator of Japan’s top convenience store chain has rejected its offer.

Alimentation Couche-Tard Inc. could increase its offer to acquire rival global convenience-store retailer Seven & i Holdings Co. Ltd., but only if the Tokyo-based company engages in talks, Couche-Tard executives said during a news conference held in Tokyo today to make a case for the transaction, Bloomberg reported.

The Canadian owner of Circle K said its takeover proposal for the 7-Eleven parent presents clear economic value.

Alimentation Couche-Tard is seeking to win over the Japanese public for its $47 billion bid for Seven & i on Thursday and address antitrust concerns that have emerged as a major stumbling block in its quest to buy the 7-Eleven owner.

Canadian convenience store and gas station operator Alimentation Couche-Tard Inc. said it could increase its offer to acquire long-time rival Seven & i Holdings Co., but only if the latter engages in takeover talks.