All articles tagged with #7 eleven
Japan's highly integrated and service-oriented Konbini convenience stores are expanding to the U.S., bringing a model that offers not just food but a wide range of services, though it remains to be seen how well it will resonate with American consumers.
Shareholders of Seven & i have supported its new CEO, Stephen Dacus, amid a record $50bn takeover bid from Couche-Tard, with some investors expressing frustration over management and valuation issues. The company is trying to prove its independence and boost its share price through strategic moves, despite ongoing takeover attempts and shareholder divisions.
Seven & i Holdings, the owner of 7-Eleven, is embroiled in a bidding war involving its management, founding family, and Canadian company Alimentation Couche-Tard, with offers reaching $58 billion. Alimentation Couche-Tard, which owns Circle K, initially bid $39 billion but increased it to $47 billion. Meanwhile, Junro Ito, an executive and heir to 7-Eleven, proposed a $58 billion management buyout to take the company private. The outcome could lead to the largest-ever foreign takeover of a Japanese company, with a special committee evaluating the proposals to maximize shareholder value.
Seven & i Holdings, the owner of 7-Eleven, has entered negotiations with Canada's Alimentation Couche-Tard over a $47 billion takeover bid, while also receiving a rival offer from the founding Ito family. The Ito family's proposal, which involves significant borrowing and potential involvement from Itochu, a major Japanese trading house, aims to keep the company under Japanese control. This development marks a significant moment in Japan's corporate M&A landscape, with the special committee of Seven & i considering all options to maximize shareholder value.
Japan's Seven & i Holdings, the owner of the 7-Eleven convenience store chain, is considering a management buyout to go private, aiming to raise $38 billion. This move is intended to counter a takeover bid from Canada's Alimentation Couche-Tard. The founding family of Seven & i Holdings is reportedly seeking financial backing from institutions to support this buyout plan.
Authorities are investigating a new string of robberies at six 7-Eleven stores across Los Angeles County, occurring between Saturday night and early Sunday morning. Three suspects have been arrested, but it is unclear if these incidents are connected to a recent series of convenience store robberies in the area.
Three 7-Eleven stores in southern L.A. County were robbed within an hour early Sunday morning, with suspects targeting locations in Bellflower and Lakewood. The thieves, described as four men in black clothing and face masks, stole cash registers and fled in a black sedan. Police are investigating whether the robberies are connected.
Police in Massachusetts are investigating two armed robberies at 7-Eleven stores on the South Shore, with suspects wielding handguns and fleeing with cash. The incidents in Norwell and Quincy involved masked males, and a stolen vehicle is believed to be connected to one of the robberies. Authorities are seeking tips and working to confirm if the same suspects were involved in both incidents.
A $1 million winning Powerball ticket was sold at a 7-Eleven store in Orange County, Florida, with the winning numbers being 7-11-19-53-68. The store had previously sold a $1 million scratch-off ticket in 2023. The Powerball jackpot has now risen to $865 million, while the Mega Millions jackpot, to be drawn Tuesday night, has reached a massive $1.1 billion.
A Powerball ticket worth $1 million was sold at a 7-Eleven in Florida, with winning numbers 7, 11, 19, 53, 68 and Powerball 23. The top prize of an estimated $800 million had no winner, but $1 million tickets were sold in New York and Florida. The Florida ticket was sold at a 7-Eleven in Ocoee, and a jackpot worth an estimated $865 million is up for grabs for Wednesday's Powerball drawing, while the Mega Millions jackpot stands at $1.1 billion for Tuesday night.
A $2.4 million winning Powerball ticket was sold at a 7-Eleven in Sun Valley, Los Angeles County, matching five of the six numbers from the draw held on March 23, 2024. With no jackpot winner, the next Powerball draw is estimated at $800 million, while the Mega Millions jackpot is estimated at $1.1 billion, with a recent winner in Riverside County.
A Powerball ticket worth nearly $2.5 million was sold at a 7-Eleven store in Sun Valley, Los Angeles, with the winning numbers being 6, 23, 25, 34, 51 and the Powerball 3. The jackpot for the next Powerball drawing has now reached an estimated $800 million, as no one matched all six numbers in the latest drawing. Additionally, the Mega Millions jackpot has grown to an estimated $1.1 billion after no big winner in the recent drawing.
Artist Danielle Baskin staged a viral stunt by placing homemade Onigiri snacks with Mayor London Breed's picture on the packaging at a San Francisco 7-Eleven, sparking excitement and interest. Despite the lack of endorsement from the mayor's office, Baskin is determined to get the snacks into stores and is working on the logistics to make it happen soon. The stunt garnered attention on social media and drew a crowd of people looking for the product at the store.
An Illinois man won $3 million from a scratch-off lottery ticket purchased at a 7-Eleven in Mount Prospect, and immediately went back into the store to hug the owner. The winner, who wishes to remain anonymous, plans to use the winnings for retirement and to move closer to family. He and his wife are also planning a trip to Hawaii. The 200X Payout Instant Ticket game, which launched in November 2023, offers players a chance to win up to $3 million with odds of one in 2.78.
A police officer in West Covina unknowingly walked into a 7-Eleven during an armed robbery, but quickly realized something was wrong when he saw the fear on the clerk's face. The officer chased down the suspect, tackled him, and recovered a loaded handgun and stolen cash. The suspect, Ramon Gonzalez, faces multiple charges, and the officer, Sergeant Abel Hernandez, is thankful that no one was injured during the ordeal. This incident comes amid a series of robberies at 7-Eleven stores in Los Angeles and Long Beach.