A Canadian inquired about buying Southland Corp.
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Samuel Belzberg, a financier based in British Columbia, approached Southland’s founding family early this year about acquiring the operator of the 7-Eleven convenience stores, the Thompson family said in a government filing. Belzberg met with Southland senior executives several times, according to the documents. Belzberg said he was interested in buying the company at $65 a share and that he already held 4.9% of its outstanding common stock. But the Thompsons told Belzberg they were not interested, the documents said. The Thompsons announced a plan on Sunday to acquire Southland in a $4-billion deal.
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