Reported 11 days ago
Seven & I Holdings is exploring a management buyout to take the company private, valued at approximately $58 billion. The potential deal, which could be the largest in Japan's history, involves significant cash contributions from Itochu Corp. and the founding Ito family, alongside financing from major banks. While talks are ongoing, this move is seen as a response to foreign takeover attempts, reflecting corporate Japan's resistance to foreign control over iconic companies.
Source: YAHOO