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Seven And I Holdings

All articles tagged with #seven and i holdings

business1 year ago•2 min saved

7-Eleven's $47 Billion Takeover Sparks Global Bidding War

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.

via Business Insider|

#7-eleven #acquisition #alimentation-couche-tard

business1 year ago•0 min saved

7-Eleven Owner Considers Major Management Buyout

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.

via Nikkei Asia|

#7-eleven #alimentation-couche-tard #business

business1 year ago•0 min saved

7-Eleven Owner Mulls $58 Billion Buyout to Go Private

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.

via Bloomberg|

#alimentation-couche-tard #business #ito-family

business2 years ago•2 min saved

ValueAct urges 7-Eleven spin-off amid strategy concerns.

Investment firm ValueAct Capital, which owns a 4.4% stake in Seven & i Holdings, is pushing the company to explain its corporate strategy to shareholders, including why it is not spinning off its 7-Eleven convenience store chain or considering selling the whole company. ValueAct has suggested a tax-free spin-off of 7-Eleven or even a sale of the entire company. The investment firm wants answers to nine key questions when the company reports earnings this week, including why the company has not pushed ahead with a tax-free spin-off of 7-Eleven.

via Reuters|

#7-eleven #business #corporate-strategy