Alimentation Couche-Tard Inc (OTC:ANCTF) has approached Seven & i Holdings (OTC:SVNDY) for discussions after its $38.5 billion offer was declined. The Canadian firm remains interested in the acquisition. What Happened: Seven & i stated that the offer was not in the best interest of its shareholders and could face antitrust issues in the U.S., where the combined entity would become the largest convenience store operator. Couche-Tard, owner of the Circle-K brand, expressed willingness to make divestitures to gain regulatory approval. The company believes a merger would address all regulatory con…