Japanese 7-Eleven giant restructures to thwart Circle K owner’s buyout bid

Quick Summary:

TOKYO, Oct 10 — The Japanese owner of 7-Eleven announced plans today to focus on its core business, in a move seen as fe...

Seven & i also said it plans to change its name, tentatively to 7-Eleven Corporation, which will be finalised at a shareholders’ meeting.

It said it would consider an initial public offering (IPO) of the new unit and bringing in strategic partners “to unlock value for the Company’s shareholders and other stakeholders”.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaJapanSingapore

Topics: Buyout Takeover bid 7-Eleven Circle k Alimentation Couche-Tard

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 15:40:06 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Malay Mail

News ID: 22977454

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