Alimentation Couche-Tard CEO Alex Miller said on Tuesday the Canadian retailer would remain persistent in its efforts to pursue a deal with Japan's Seven & i and continue a "friendly approach" with the 7-Eleven operator.

Alimentation Couche-Tard Inc.'s chief executive says the company is taking a "persistent" but "friendly" approach with the Japanese owner of the 7-Eleven convenience store chain it's trying to acquire.

Canadian convenience store and fuel retailer Alimentation Couche-Tard Inc. remains committed to snapping up its Japanese rival Seven & i Holdings Co. despite a new management buyout proposal valued at about $58 billion.

Couche-Tard, which owns the Circle K chain, is now offering about US$47-billion to acquire Seven & i and its network of chains