Seven & I Holdings Co., Ltd. ADR (SVNDY)
7-Eleven owner turns down $38bn bid approach from Canadian rival
Seven & i Holdings, the Japanese owner of 7-Eleven, has declined a $38 billion takeover bid from Canadian competitor Alimentation Couche-Tard (ACT), stating the offer "grossly undervalues" the company and presents significant regulatory challenges. Despite this, Seven & i remains open to discussions and is willing to consider a more favourable proposal.
Seven & i considering launching management buyout, Nikkei and Bloomberg say
Japan's Seven & i Holdings is considering launching a management buyout that would see the retailer go private, the Nikkei newspaper and Bloomberg News reported on Wednesday, a deal that could be worth up to 9 trillion yen ($58.2 billion).
Seven & i: Undervalued With Good Overseas Growth Potential
SVNDY's convenience store businesses in overseas markets have significant growth potential, as they have relatively lower fresh food sales penetration rates than that for Japan's convenience store operations. Seven & i Holdings stock is attractively valued, taking into account peer valuations and a potential acquirer's updated offer price. My Buy rating for SVNDY stays intact, I remain bullish on Seven & i Holdings considering the stock's appealing valuations and the company's growth runway in international markets.
Whether 7-Eleven Is Bought or Not, Convenience-Store Consolidation Looms
The historically fragmented industry will likely see lots of M&A in the years ahead.
7-Eleven Growth Plan As Seven & I Holdings Plots Couche Tard Hold Off
Convenience store retailer 7-Eleven plans to build up to 500 new convenience stores in 2025 through 2027, the company said at an investor presentation posted late last week by Japanese parent company Seven & i Holdings Co.
Seven & i CEO says new company structure will allow growth
Seven & i Holdings' plan to hive off underperforming businesses will allow it to expand its core 7-Eleven convenience stores, its chief executive said on Thursday, as the Japanese retailer looks to avoid a $47 billion Canadian takeover.
Your local 7-Eleven might be gone by the end of the year
7-Eleven announced it will be close more than 400 stores in the fourth quarter of this year. Transcript: Conway Gittens: Investors did some modest buying ahead of an earnings deluge from a number of marquee names.
Seven & i Holdings Co., Ltd. (SVNDY) Q2 2024 Earnings Call Transcript
Seven & i Holdings Co., Ltd. (OTCPK:SVNDY) Q2 2024 Earnings Conference Call October 10, 2024 2:00 AM ET Company Participants Yoshimichi Maruyama - CFO and Managing Executive Officer Fumihiko Nagamatsu - President, Seven-Eleven Japan Joe DePinto - Chief Executive Officer, 7-Eleven, Inc. Ryuichi Isaka - President Conference Call Participants Yoshimichi Maruyama Good afternoon, everybody.
7-Eleven is at the heart of the Japanese 'konbini' culture
CNBC's Lin Lin looks at the popularity of 7-Eleven in Japan, and why its parent company Seven & i is being targeted for a takeover by Canada's Alimentation Couche-Tard.
7-Eleven shutting down nearly 450 underperforming stores across North America
Nearly 450 7-Eleven stores across North America are closing due to underperformance, according to the company, which did not disclose which stores will be closing.
Are Investors Undervaluing Seven and I Holdings Co. (SVNDY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
7-Eleven Owner's Restructuring, Profits in Focus
Japanese retailer Seven & i Holdings reports quarterly earnings at a critical time, with much of the focus on what it will say about restructuring and its profit outlook, after the 7-Eleven parent company received a higher buyout offer from Alimentation Couche-Tard. Bloomberg's Reed Stevenson and UBP Senior Portfolio Manager Zuhair Khan discuss what to watch in the results on 'Bloomberg: The Asia Trade'.
