Alimentation Couche-Tard could bolster its $47 billion offer for Seven & I if the Japanese firm became more cooperative and shared its financial information in greater detail, the founder of the Canadian retailer said on Thursday.

Canadian convenience store and gas station operator Alimentation Couche-Tard Inc. said it won’t go hostile in its attempt to acquire long-time rival Seven & i Holdings Co.

The directors of Canadian convenience store giant Alimentation Couche-Tard (ACT) said on Thursday they were seeking a "friendly" buyout of 7-Eleven but lamented a lack of progress towards a deal.

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.