Reported 14 days ago
Shares of Seven & i Holdings increased over 9% in early Tokyo trading after reports emerged that the founding Ito family plans to take the company private by the end of the current financial year in March. The family is reportedly looking to raise over $51.7 billion for this initiative, amidst ongoing pressures from investors and a competing $47 billion takeover proposal from Canada's Alimentation Couche-Tard.
Source: YAHOO