All articles tagged with #management buyout
Seven & i has received a $58 billion management buyout offer from Ito and Ito-Kogyo, which aims to take the company private and counter a $47 billion proposal from Alimentation Couche-Tard. The board of Seven & i is reviewing both offers, with no decision made yet. The company emphasizes an objective evaluation of 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.
Seven & i Holdings Co. is exploring a management buyout to potentially take the company private, with financial backing from banks, Itochu Corp., and the founding Ito family. The transaction could be valued at approximately ¥9 trillion ($58 billion) and may serve as an alternative for shareholders if Alimentation Couche-Tard Inc. intensifies its acquisition efforts.
SVB Securities, the investment-banking business tied to Silicon Valley Bank, will be acquired in a management buyout led by Jeff Leerink, the unit’s founder and CEO. The parent company, SVB Financial Group, has been in Chapter 11 bankruptcy proceedings since mid-March.