Founding Family Fails in Bid to Buy Out 7-Eleven
The proposal worth over $50 billion by Junro Ito, the son of the founder of Seven & i Holdings, was aimed at fending off a takeover bid from Canada’s Alimentation Couche-Tard.
Seven & I deal off as founding family fall short on funds
Japan's Seven & I Holdings said on Thursday the retailer's founding Ito family could not secure the financing required for a US$58 billion management buyout, and it would consider a rival offer from Canada's Alimentation Couche-Tard.
7-Eleven Founding Family Fails to Secure Financing for Management Buyout
The 7-Eleven owner said that as a result there is no actionable acquisition proposal from the founding family to consider at this time.
Seven & i Holdings’ $58bn buyout fails over financing setback
Japan’s Seven & i Holdings, parent company of convenience chain 7-Eleven, has disclosed that its founding Ito family failed to obtain the necessary financing to propose a management buyout valued at $58bn.
Seven & i says founding family unable to secure funding for $58 billion buyout
Japan's Seven & I Holdings 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.
Seven & i in talks with Couche-Tard after management buyout fails to secure financing
The Japanese owner of 7-Eleven says it's in talks with Alimentation Couche-Tard Inc. after a management buyout proposal from a member of the family that helped found the company was unable to secure financing.
Seven & i shares plunge over 12% as management buyout falls through
Shares of Japan's Seven & i Holdings plunged as much as 12.44% Thursday after the company said the founding family had failed ...
Convenience Store News3d
Management Buyout of Seven & i Fizzles Out
Trading company Itochu Corp. is withdrawing from a management buyout of Seven & i Holdings Co. Ltd. proposed by the global ...
Seven & i founders withdraw buyout, give life to Canadian takeover
Seven & i Holdings Co. said Thursday its founding family has withdrawn a proposed management buyout of the retailer due to a ...
The Gazette4d
Family behind Japan's Seven & i pulls $58 billion management buyout bid, shares dive
"There is no actionable proposal from Mr. Junro Ito and Ito-Kogyo for 7&i to consider at this time," the company said in a statement, adding that it "continues to assess a full range of ...
Convenience Store News2d
Couche-Tard Makes Moves in Japan
Couche-Tard confirmed to the news outlet that it registered a subsidiary with Japanese authorities "to create the path to ...
Couche-Tard takeover target Seven & i to scrap $58-billion management buyout
Canadian retailer says Couche-Tard remained committed to reaching a mutually agreeable transaction with Seven & i ...
AOL4d
Family behind Japan's Seven & i pulls $58 billion buyout bid, shares dive
TOKYO (Reuters) -The founding Ito family of Japan's Seven & i Holdings failed to secure financing for a $58 billion management buyout, sending its shares plunging and offering fresh impetus to a ...
Convenience Store News3d
Couche-Tard Bid for Seven & I Holdings Takes on New Life
As a result, there is no actionable proposal from Mr. Junro Ito and Ito-Kogyo for Seven & i to consider at this time." The company added that it remains committed to exploring all opportunities ...
Seven & I Holdings: No Actionable Acquisition Proposal from Vice President Junro Ito to Consider at This Time
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