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EXPLAINED: Seven i - The Real Truth

SoftBank, fintech firm PayPay in talks to invest in retail giant Seven & i: Report

The investment will likely total several hundred billion yen and Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial Group, may also take a ‌stake, Bloomberg ⁠said.

The Economic Times

Seven & i Crashes 9% After Couche-Tard Yanks $47 Billion Takeover Bid, Slams 'Lack of Good Faith' Talks — Tokyo Retail Giant Calls Move 'Unilateral'

Seven i Holdings (OTC:SVNDY) shares tumbled 9% on Thursday on the Tokyo exchange to a low of 2,000 Japanese Yen ($13.50) after Canada’s Alimentation Couche-Tard (OTC:ANCTF) withdrew its $47 billion takeover bid, citing “persistent lack of good faith engagement.” Trading resumed at 10:16 a.m. local time following a halt.

Benzinga

Canada's Couche-Tard drops offer to buy Japanese 7-Eleven convenience stores

Canadian retail chain Alimentation Couche-Tard is dropping its proposal to acquire Seven & i Holdings Co_, the Japanese operator of the 7-Eleven convenience store chain, citing frustration in ongoing negotiations that showed what it called “a lack of constructive engagement.”

The Independent UK

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Canada's Couche-Tard's chief stresses 'friendly' interest in Japan's 7-Eleven chain

Canada’s Alimentation Couche-Tard has reiterated its determination to acquire Seven & i Holdings, although the operator of Japan’s top convenience store chain has rejected its offer

The Independent UK

Couche-Tard Bosses Make Case In Tokyo For 7-Eleven Buyout

The directors of Canadian convenience store giant Alimentation Couche-Tard (ACT) said on Thursday they were seeking a "friendly" buyout of 7-Eleven but lamented a lack of progress towards a deal.

International Business Times

7-Eleven, Couche-Tard Explore Sell-offs Ahead Of Potential Merger

The Japanese owner of 7-Eleven said Monday it had agreed to jointly explore store sell-offs with a Canadian rival to address antitrust concerns ahead of a potential merger.

International Business Times

Japan's Seven & i sells retail business to Bain Capital for $5.4 billion, plans IPO

Japan's Seven & I, the parent company of the Japanese 7-Eleven convenience store chain, says it is selling its supermarket store assets to Bain Capital for about $5.4 billion

The Independent UK

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7-Eleven Owner Seeks To Fend Off Takeover With Buyback, US IPO

The Japanese owner of 7-Eleven announced on Thursday a raft of new measures to fend off a takeover by a Canadian rival, including a huge share buyback and an IPO of its US unit.

International Business Times

The Future Of 7-Eleven Hangs In The Balance As Seven & i Names New Foreign CEO

Seven & i recently rejected the acquisition offer from Alimentation Couche-Tard as it seeks to enhance corporate value independently.

International Business Times UK

7-Eleven Owner Announces Counter-bid To Foreign Buyout

The Japanese owner of 7-Eleven said Wednesday its founding family had offered a counter-bid to a takeover attempt by Canadian convenience store rival Alimentation Couche-Tard (ACT).

International Business Times

Couche-Tard Executives In Japan To Push 7-Eleven Deal

Executives from Canada's Alimentation Couche-Tard are in Japan in a bid to overcome resistance to their $47-billion takeover of 7-Eleven's parent but are being given the cold shoulder, according to interviews published Thursday.

International Business Times

7-Eleven Owner Restructures To Fight Takeover

The owner of 7-Eleven announced a major restructuring on Thursday as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm.

International Business Times

7-Eleven Owner Confirms New Takeover Offer From Couche-Tard

The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion.

International Business Times

7-Eleven Owner's Shares Spike On Report Of New Buyout Offer

Shares in the Japanese owner of 7-Eleven surged Wednesday following reports that Canada's Alimentation Couche-Tard (ACT) had hiked its takeover offer by almost 20 percent.

International Business Times

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International Business Times

Your 'Local Everything': What 7-Eleven Buyout Battle Means For Japan

In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard.

International Business Times

Japan Ranks 7-Eleven Owner 'Core' Industry, Complicating Takeover

The Japanese finance ministry on Friday designated the parent company of 7-Eleven a "core" industry, a move that could make a takeover by Canadian rival Couche-Tard more difficult.

The Independent UK

Japanese 7-Eleven convenience store chain operator turns down Couche-Tard takeover offer

The parent company of the Japanese 7-Eleven convenience store chain is turning down a takeover offer from Alimentation Couche-Tard of Canada

The Guardian - UK

Owner of 7-Eleven rejects $39bn takeover offer from Canadian rival

Japanese group says Couche-Tard plan undervalues firm, but leaves door open to higher offer

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International Business Times

7-Eleven Owner Rejects Initial Takeover Bid From Canadian Rival

The Japanese owner of 7-Eleven said Friday it had rejected a takeover bid from Canadian retail giant Alimentation Couche-Tard, saying the proposal "grossly undervalues" the company.

International Business Times

Investment Firm Pressures 7-Eleven Owner To Negotiate Potential Takeover

Artisan Partners Asset Management told Japan's Seven & i Holdings that a negotiated buyout deal was the 'best tactic to preserve positive stakeholder outcomes'

The Guardian - UK

Owner of 7-Eleven stores receives buyout offer from Canadian rival

Proposal to Tokyo-based Seven & i by ACT could become biggest foreign takeover of a Japanese firm

Barchart

Markets Today: Stocks Retreat as U.S. Inflation Accelerates

Morning Markets March E-Mini S&P 500 futures (ESH24 ) are down -0.05%, and March Nasdaq 100 E-Mini futures (NQH24 ) are down -0.06%. Stock index futures this morning gave up overnight gains and turned lower as T-note yields jumped after U.S. consumer prices for December rose more than expected, dampening...

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