Reported about 5 hours ago
Seven & i Holdings Co. has announced that the management buyout consortium has not been able to secure the necessary funding to present a definitive acquisition proposal. Disagreements among stakeholders, particularly between the founding Ito family and Itochu Corp., have hindered progress, causing Itochu to potentially withdraw from the deal. The buyout was launched to preserve the company under Japanese ownership amidst competition from Alimentation Couche-Tard's lower valuation takeover proposal.
Source: YAHOO