Seven & I Holdings Co., Ltd. ADR (SVNDY)
Seven & i, at centre of M&A tussle, sees quarterly profit tumble
Japan's Seven & i Holdings , operator of the 7-Eleven convenience store chain, said quarterly operating profit fell by a quarter, missing analysts' estimates, as inflation hit consumer spending in Japan and North America.
Japan's Seven & i deal related to national security, economy minister says
Japanese economy minister Ryosei Akazawa said on Wednesday he believed a potential foreign acquisition of retail giant Seven & i was a matter "heavily related" to national security.
Japan's Seven & i plans to open 500 stores in US, Canada by 2027
Japan's Seven & i Holdings said on Wednesday it plans to open 500 new convenience stores in the United States and Canada through 2027.
7-Eleven battle shows resilience of Japan Inc's family ties
A rise in shareholder activism in Japan is poised to fuel a new wave of management buyouts by founding families, after the battle for 7-Eleven's parent company prompted a $58 billion takeover offer from the Ito dynasty that built the retail giant.
Slurpee and an IPO, please: 7-Eleven parent Seven & I may list North American business, report says
Japan's Seven & I Holdings Co., fending off a takeover bid, may list its North American 7-Eleven convenience stores in an initial public offering as part of a management-led takeover bid, according to a published report.
7-Eleven is at the center of a multibillion-dollar bidding war
Seven & i Holdings, owner of 7-Eleven stores, is at the center of a three-way bidding war. The company's management, its founders, and a Canadian convenience store company all want control.
7-Eleven, the Slurpee and a $47 Billion Takeover Battle
The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here's why they're hungry for it.
Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private
Seven & i shares soared as much as 10.87% on Wednesday after NHK reported that the firm founding family was raising funds to take the company private by March 2025. Canadian convenience store operator Alimentation Couche-Tard has also bid for the company that has been designated as "core" to Japan's national security.
Seven & i founding family aims to raise $52 bln for buyout this year, NHK says
The founding Ito family behind Japanese retailer Seven & I 3382.T aims to raise more than 8 trillion yen ($52 billion) to take it private by the end of this financial year, Japanese public broadcaster NHK reported on Tuesday.
The Fight for 7-Eleven Isn't Just About Money
Corporate Japan circles the wagons to protect a national gem, but investor trust will be key.
'Certain that Seven & i will stay Japanese,' Monex Group's Koll says
Jesper Koll, expert director at financial services company Monex group said that Seven & i's founding family is likely to take the company private, teaming up with trading company Itochu. Koll also thinks that "it's just a matter of weeks now before the deal is concluded.
Seven & i investor Artisan pushes for competitive bidding process
Artisan Partners, a U.S.-based investor in Japanese retail giant Seven & i Holdings , called on the company's special committee to consider a bidding process of competing takeover proposals to secure the highest offer.
