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Will Alimentation Couche-Tard make a formal takeover bid for Seven & I by June 30, 2025?
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Announcements by Alimentation Couche-Tard or reports in major financial news outlets
Story
Seven & I Mulls $58 Billion Buyout with Ito Family, Itochu to Block Couche-Tard; Shares Surge 17%
Nov 13, 2024, 03:21 AM
Seven & I Holdings, the Japanese owner of 7-Eleven, is considering a management buyout to take the company private in a deal that could be worth up to $58 billion or 9 trillion yen, according to people familiar with the matter. The potential buyout involves the founding Ito family, Itochu Corporation, and Japanese megabanks. This move aims to preempt a takeover bid from Canadian convenience store operator Alimentation Couche-Tard. Seven & I confirmed it has received a buyout proposal from a member of its founding family, leading to a 17% surge in its share price in Tokyo trading. The proposed buyout represents a 56% premium over the company's current share price.
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