Seven & I Holdings Co., Ltd. ADR (SVNDY)
Japan's Seven & i strikes $5.4 billion deal with Bain Capital
Japan's Seven & i, the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 billion.The company announced the deal a day after naming Stephen Dacus, its board chairman, to be its president and CEO.It also said it plans an initial public offering in the U.S. of 7-Eleven or SEI, its convenience store business in North America, by the end of 2026. Funds from the IPO and the sale to Bain will be returned to shareholders in the form of share buybacks worth 2 trillion yen ($5.4 billion).Seven & i's share price jumped 6.1% in Tokyo.The deal follows Seven & i's rejection of a takeover bid by Canada's Alimentation Couche-Tard.
Police Honored For Capturing 3 Talamore Burglary Suspects
HORSHAM TOWNSHIP, PA —They thwarted a burglary in the Talamore Development. It was the early morning hours of Dec. 3 when police officers responded to a report of a burglary in progress at a Talamore home. Officers converged on the home and discovered that it had been burglarized. Home security footage showed three suspects fleeing the residence. A K9 and drone were requested from neighboring departments to assist in tracking the suspects while Horsham officers set up a perimeter to contain the suspects, said Police Chief Scott Fida during the recent Horsham Township Council meeting in which the police officers were honored for their efforts. The commendations were for Corp. Kathleen Ryan and Police Officers Andrew D’Arcy, Anna Kumor, David Breznicky, and Joseph Kelley. Shortly after deploying the K9 and drone, the drone operator reported suspects fleeing from the pursuing K9. The drone observed two suspects getting into a car and fleeing onto Tennis Avenue. Police officers located the vehicle and effected a vehicle stop. Two suspects were taken into custody without incident. A short time later, the third suspect was located by officers at the 7-11 in Maple Glen and taken into custody as well. "Due to these officers’ quick response and teamwork, three burglars have been taken off the street," Fida said. The police chief added that the three suspects were also part of an organized ring responsible for multiple burglaries throughout Montgomery and Bucks counties.
Seven & i to replace CEO in May, list North American subsidiary in second half of 2026
Lead independent outside director Stephen Dacus will take charge from CEO Ryuichi Isaka on May 27. The company also announced a share buyback of 2 trillion yen ($13.2 billion) and plans to list its North American subsidiary, 7-Eleven Inc.
Bain aims to list Seven & i's supermarket business in about 3 years
Bain Capital aims to list Seven & i Holdings' supermarket business in around three years after boosting synergies within the group, an executive of the U.S. private equity firm said on Thursday.
Japan's Seven & i expected to announce new CEO, restructuring plan
Seven & i Holdings , the Japanese operator of the global 7-Eleven convenience store chain, is expected to announce a leadership change on Thursday and plans to restructure its business as it faces a $47 billion foreign takeover bid.
Seven & i finalising plan for President Isaka to step down, Nikkei says
Seven & i Holdings , the Japanese retail giant at the centre of a takeover battle, is finalising a plan for its president to step down and be replaced by the company's first foreign chief.
Seven & i to scrap $58 billion management buyout after Itochu withdraws, Yomiuri says
Japan's Seven & i Holdings is set to abandon a $58 billion management buyout led by the retailer's founding family after trading house Itochu withdrew from participating in the plan, the Yomiuri newspaper reported on Thursday.
Itochu will not participate in Seven & i buyout from founding family, Nikkei says
Japan's Itochu has decided not to participate in a buyout for Seven & i Holdings put forward by the retailer's founding family, the Nikkei newspaper reported on Wednesday.
Seven & i Holdings picks Bain as preferred buyer in asset sale, media say
Japan's Seven & i Holdings , operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday.
Seven & i founding family seeks investment from Thailand's Charoen Pokphand in MBO, NHK says
The founding family of Seven & i is asking Thailand's Charoen Pokphand (CP) Group to invest in a managed buyout of the Japanese retailing giant, NHK reported on Thursday.
Seven & i Holdings Co., Ltd. (SVNDY) Q4 2024 Earnings Call Transcript
Seven & i Holdings Co., Ltd. (OTCPK:SVNDY) Q4 2024 Earnings Conference Call January 10, 2025 10:00 AM ET Company Participants Yoshimichi Maruyama - CFO and Managing Executive Officer Stanley Reynolds - President Ken Wakabayashi - Director, CEO & President of 7-Eleven International LLC Conference Call Participants Yoshimichi Maruyama [interpreted] Once again, good evening.
Apollo considering $9.5 bln investment in Seven & i buyout, Bloomberg says
Apollo Global Management is considering investing as much as 1.5 trillion yen ($9.5 billion) in a management buyout of Japan's Seven & i Holdings , Bloomberg News said on Friday, citing several people with knowledge of the matter.
