Tokyo, Japan – October 11, 2024: The logo of Seven and One Holdings headquarters in Tokyo.
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7-Eleven stock Master Seven and me The company’s shares soared nearly 11% on Wednesday amid reports that the company’s founding family will raise more than $50 billion this fiscal year to take the company private.
according to Report by Japanese public broadcaster NHKAccording to a Japanese Google translation of the report, the founding family will raise more than 8 trillion yen ($51.66 billion) from “Japan’s three major banks and major U.S. financial institutions.”
The funds will be used by a special purpose vehicle to conduct a tender offer for Seven & i shares, with the aim of completing the program by March 2025.
If the acquisition goes through, it would be the largest takeover by a Japanese company to date, NHK said.
According to Reuters, “Seven and Me” stated that “no decision has been made on the proposed transaction with Juniro Ito, Ito Industries, ACT (Alimentation Couche-Tard) or other third parties.”
It’s June now He is the vice president of Seven & i and the son of the late Masatoshi Ito, the founder of Seven & i. Ito Industrial is a company under the vice president, and it belongs to Seven and Me. The second largest shareholder holds 8.2% of the shares.
Canadian convenience store operator Nutritional Couche-Tard originally made Offer price of $14.86 per share August takes over seven and one. The proposal was rejected, Seven and I said so “Severely underestimated” company
then act It is reported that Its October offer rose more than 22% to $18.19 per share, valuing Seven & i at 7 trillion yen, or about $47 billion. Seven told me statement Last month it “has maintained and intends to maintain the confidentiality of current discussions with ACT.”
September, Seven and me Designated as “Core” The company said the designation was unrelated to the ACT takeover bid but related to Japanese national security, according to one company Reuters reports.
foreign investors Must submit to national security review If you intend to acquire 1% or more of a “core” Japanese company, please contact the Japanese government.
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