Published 12 days ago • loading... • Updated 11 days ago

Seven & i shares plunge more than 12% as management buyout falls through

Seven & i Holdings Co. Shares fell 11% after the Ito family's management buyout plan failed due to a lack of financing from Itochu Corp.
Itochu Corp. Decided against joining the management buyout plan, stating, 'We have completed our consideration into this plan.'
Alimentation Couche-Tard, which made a takeover bid, is still pursuing Seven & i but lacks access to its financial details.
Seven & i's chief executive, Ryuichi Isaka, stated that the company remains committed to exploring all opportunities to unlock value for shareholders.

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7-Eleven owner shares plunge as family buyout fails

TOKYO, Japan — Shares in the Japanese owner of 7-Eleven plunged as much as 12 percent on Thursday after the convenience store giant said its founding family failed to put together a white-knight buyout. Last year Seven & i rejected an offer worth nearly $40 billion from Canadian rival Alimentation Couche-Tard (ACT) which would have

11 days ago·Manila, Philippines

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The Globe & Mail

Couche-Tard eyes friendly takeover talks with Seven & i after white knight bid derailed

Member of the Japanese retailer’s founding family says it’s been unable to cement the funds needed to proceed

11 days ago·Canada

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Kyodo News+

BREAKING NEWS: Seven & i says founding family has given up on buyout plan

BREAKING NEWS: Seven & i says founding family has given up on buyout plan ==Kyodo

12 days ago·Japan

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UPI

7-Eleven parent company stock falls as buyout plan falls through

The founding family of the Japanese firm that currently owns the global 7-Eleven chain fell short in raising enough money to buy out the company with the iconic convenience store brand, sending shares tumbling on Thursda

12 days ago·Washington, United States

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読売新聞オンライン

Seven & i Founding Family Gives Up on Management Buyout Plan; FamilyMart Owner Decides Not to Invest in Deal

Seven & i Holdings Co., the operator of the 7-Eleven convenience store chain, announced Thursday that the founding Ito family has told the company that it has been unable to secure funding for its proposed management buyout of the company.

7-Eleven owner says founding family unable to secure massive funding for buyout

Japan’s Seven & I Holdings 3382.T said on Thursday the retailer’s founding Ito family could not secure the financing required for a $58 billion management buyout, and it would consider a rival offer from Canada’s Alimentation Couche-Tard ATD.TO.

12 days ago·Atlanta, United States

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