Seven & I Holding (SVNDY) — the parent company of convenience store 7-Eleven — turned down a $38.5 billion buyout offer from Couche-Tard (ATD.TO). The Canadian convenience store giant is now considering raising its offer for the Japanese-owned Seven & I.

General Mills (GIS) will sell its North American yogurt business for $2.1 billion to French dairy operators Groupe Lactalis and Sodiaal.

Lastly, British alcohol brand Diageo (DEO) — the parent of Guinness and Captain Morgan — received a stock upgrade to Buy from Bank of America analysts.

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This post was written by Luke Carberry Mogan.