Reported about 7 hours ago
The consortium aiming to buy out Seven & i Holdings Co. has engaged Citigroup and Bank of America for financing, as they plan a record-setting management buyout to fend off foreign interest from Alimentation Couche-Tard. The proposal seeks to restructure the retailer's massive debt and includes equity stakes from the founding Ito family and Itochu Corp., amidst declining market conditions.
Source: YAHOO