Seven & i Shares Plunge After Management Buyout Collapses
Seven & i Holdings Co. shares plunged after a proposed ¥9 trillion ($60 billion) management buyout collapsed, increasing pressure on the Japanese convenience store chain to engage with a rival bid from Canada’s Alimentation Couche-Tard Inc.
In Japan these days there is nothing quite like an annual meeting to focus the mind of a company losing its strategic way.
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The founding Ito family of Japan's Seven & i Holdings failed to secure financing for a $58 billion management buyout, sending ...
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