Takeover bid

aimed at 7-Eleven 

The owner of 7-Eleven convenience stores has received a buyout offer for from Canada’s Alimentation Couche-Tard. Japan’s Seven & i Holdings on Monday said that a special committee that made up of outside directors has been formed to review the bid, but released no other details. Shares of Seven & i jumped 23% in Tokyo, the largest single day jump for the stock in the company’s history. The company has been trying to streamline operations and last year sold the department store chain Sogo & Seibu Co. to a U.S. investment fund.

Perdue recalls

chicken nuggets

Check your freezer. Perdue Foods is recalling more than 167,000 pounds of frozen chicken nuggets and tenders after some customers reported finding metal wire embedded in the products. According to Perdue and the U.S. Agriculture Department’s Food Safety and Inspection Service, the recall covers select lots of three products: Perdue Breaded Chicken Tenders, Butcher Box Organic Chicken Breast Nuggets and Perdue Simply Smart Organics Breaded Chicken Breast Nuggets. As of Friday, there were no confirmed injuries or adverse reactions tied to eating these products. Consumers who have the recalled chicken are urged to throw it away or return it to its place of purchase. Perdue is offering full refunds to impacted consumers who contact the Maryland-based company.

Labor dispute stops

Canadian railroads

Canada’s two largest railroads are starting to shut down their shipping networks as a labor dispute with the Teamsters union threatens to cause lockouts or strikes that would disrupt cross-border trade with the U.S. Both the Canadian Pacific Kansas City and Canadian National railroads have stopped taking certain shipments of hazardous materials and refrigerated products. They are threatening to lock out Teamsters Canada workers starting Thursday if deals are not reached. Canadian Pacific Kansas City says that on Tuesday it will stop all shipments that start in Canada and all shipments originating in the U.S. that are headed for Canada. 

AT&T workers

in Southeast strike

More than 17,000 AT&T workers in nine states across the Southeast are on strike. The Communications Workers of America represents the striking employees and says workers walked off the job Friday in response to AT&T’s failure to bargain in good faith. The labor organization says AT&T did not send representatives to the bargaining table who had authority to make decisions. AT&T says the accusations are “not grounded in fact.” The strike involves AT&T technicians, customer service representatives, and others who install, maintain and support AT&T’s residential and business networks. It involves workers in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee

— Bulletin wire reports