Seven & I Holdings Co., Ltd. ADR (SVNDY)
7-Eleven parent company facing possible acquisition
Alimentation Couche-Tard is looking to acquire another major convenience store player — Seven & i, the parent company of the 7-Eleven chain.
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Proposed 7-Eleven buyout deal will likely face anti-trust scrutiny, retail analyst says
For Alimentation Couche-Tard's proposed take-over of 7-Eleven's owner to work, divestment and approval from antitrust regulators would likely be required, says Retail Cities' Bryan Gildenberg. If the deal were completed, it would be the biggest-ever foreign takeover of a Japanese company and will possibly be followed by more acquisitions in the country, according to Gildenberg.
7-Eleven owner confirms takeover bid from Canadian rival after share price surge
The Japanese owner of iconic convenience store chain 7-Eleven said Monday it's received a takeover offer from a Canadian rival after its stock surged.
Seven & i Holdings Co., Ltd. (SVNDY) Q1 2024 Earnings Call Transcript
Seven & i Holdings Co., Ltd. (SVNDY) Q1 2024 Earnings Call Transcript
7-Eleven owner's profits hit by tough US consumer market, higher costs
Seven & i Holdings, owner of the 7-Eleven convenience store chain, saw a sharp fall in profit in the first quarter of its fiscal year due to higher costs. The Tokyo-listed group reported results showing revenue net profit of 21.39 billion yen ($132.2 million) for the three months ended May 31, down 49% on a year earlier and well short of the consensus analysts forecast of Y41.73 billion, per Visible Alpha.
