Reported 1 day ago
Private equity firms KKR and Bain Capital have each submitted first-round bids exceeding $5 billion for non-core assets of Japan's Seven & i Holdings, with KKR reportedly offering around 800 billion yen and Bain offering around 1.2 trillion yen. The interest follows Seven & i's plans to spin off non-essential businesses, and their founding family is also exploring a management buyout to counter a $47 billion takeover bid. The final decision on the winning bid is expected by early spring.
Source: YAHOO