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7-Eleven’s Japanese owner said to consider going private in $77.8b deal to avoid foreign buyout

The Straits Times LogoThe Straits Times5h ago

7-Eleven’s Japanese owner said to consider going private in $77.8b deal to avoid foreign buyout - The Straits Times

Quick Summary:

Seven & i Holdings is considering a 9 trillion yen management buyout.

A management buyout would be a remarkable unified response to Couche-Tard’s takeover approach, which itself is the biggest ever foreign attempt to buy a Japanese target.

The deal could be presented as an option for shareholders in the event that Couche-Tard becomes more aggressive with its pursuit of Seven & i and makes a tender offer, the people said.


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Article Details

Category: EconomyBusiness

Markets:

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 11:33:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 712 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23564992

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Official Website: straitstimes.com

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

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