Reported 1 day ago
Shares of Seven & i Holdings Co., owner of 7-Eleven, surged nearly 10% after reports indicated that the founding Ito family aims to finalize a deal to take the company private by the end of the year. A special-purpose company is in talks to raise over ¥8 trillion ($51.7 billion) for a takeover, with possible involvement from major banks and financial institutions. Analysts suggest this bid is expedited compared to previous offers, presenting a potential strategy for shareholders in response to aggressive interest from Alimentation Couche-Tard.
Source: YAHOO