Founding Family Fails in Bid to Buy Out 7-Eleven
The proposal worth over $50 billion by Junro Ito, the son of the founder of Seven & i Holdings, was aimed at fending off a takeover bid from Canada’s Alimentation Couche-Tard.
Seven & i management buyout bid ends over failure to secure funding
The proposed management takeover of Seven & i (OTCPK:SVNDY) has collapsed, after the buyout group led by its founding Ito family failed to secure the financing needed for the nearly $60B deal. "Junro Ito,
Seven & i shares plunge over 12% as management buyout falls through
Shares of Japan's Seven & i Holdings plunged as much as 12.44% Thursday after the company said the founding family had failed to secure the financing needed to buyout the convenience store operator.
Family behind Seven & i abandons $58bn management buyout
The family that founded Seven & i has abandoned an attempted $58bn buyout of the Japanese convenience store group. A group led by the Ito family was unable to secure financing, Seven & i said on Thursday. Shares in the company fell 12 per cent in Tokyo.
7-Eleven: Canadian takeover nearer as management buyout fails
Japan's Seven & I Holdings said on Thursday the retailer's founding Ito family could not secure the financing required for a $58 billion management buyout, and it would consider a rival offer from Canada's Alimentation Couche-Tard.
7-Eleven owner says founding family unable to secure massive funding for buyout
Japan’s Seven & I Holdings 3382.T said on Thursday the retailer’s founding Ito family could not secure the financing required for a $58 billion management buyout, and it would consider a rival offer from Canada’s Alimentation Couche-Tard ATD.
7-Eleven Founding Family Fails to Secure Financing for Management Buyout
The 7-Eleven owner said that as a result there is no actionable acquisition proposal from the founding family to consider at this time.
Family behind Japan's Seven & i pulls $58 billion management buyout bid, shares dive
The founding Ito family of Japan's Seven & i Holdings failed to secure financing for a $58 billion management buyout, sending its shares plunging and offering fresh impetus to a rival bid from Canada's Alimentation Couche-Tard.
Seven & i Confirms Management Buyout Group Couldn’t Secure Funds
The consortium proposing a management buyout of Seven & i Holdings Co. “has been unable to secure the financing required to submit a definitive proposal” to acquire the operator of 7-Eleven convenience stores,
Seven & i Holdings’ $58bn buyout fails over financing setback
Japan’s Seven & i Holdings, parent company of convenience chain 7-Eleven, has disclosed that its founding Ito family failed ...
Couche-Tard eyes friendly takeover talks with Seven & i after white knight bid derailed
A white knight bid for Japan’s Seven & i Holdings Co. has been derailed after a member of its founding family told the retail ...
Seven & i founders withdraw buyout, give life to Canadian takeover
Seven & i Holdings Co. said Thursday its founding family has withdrawn a proposed management buyout of the retailer due to a ...
Seven & i shareholder buyout plan falls through
While a group led by Ito-Kogyo could not secure funding, Alimentation Couche-Tard’s deal remains on the table, Seven & i said ...
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Itochu drops Seven & I buyout, putting Couche-Tard back in limelight
The news would place Alimentation Couche-Tard’s offer back in the limelight. Shares of Seven & I Holdings dropped more than ...
Seven & I Holdings: No Actionable Acquisition Proposal from Vice President Junro Ito to Consider at This Time
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Seven & I deal off as founding family fall short on funds
Japan's Seven & I Holdings said on Thursday the retailer's founding Ito family could not secure the financing required for a ...