Reported about 6 hours ago
Seven & i Holdings is undergoing a significant restructuring to counter a potential takeover bid from Canada's Couche-Tard. The company plans to split into two segments: one focusing on its core 7-Eleven convenience stores and gasoline stations, and the other encompassing less profitable retail operations. Despite these efforts, Seven & i's financial outlook has weakened, leading to concerns among investors about the effectiveness of this strategy in enhancing corporate value against Couche-Tard's increasing acquisition interest.
Source: YAHOO