Seven & I Is Said to Consider $58 Billion Management Buyout

Bloomberg11-13

(Bloomberg) -- Seven & i Holdings Co. is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth ¥...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeven & I Is Said to Consider $58 Billion Management Buyout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 10:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/seven-said-consider-58-billion-023453477.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Seven & i Holdings Co. is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth ¥...</p>\n\n<a href=\"https://finance.yahoo.com/news/seven-said-consider-58-billion-023453477.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ITOCY","symbol_name":"Itochu Corp.","start_time":0,"source_url":"https://finance.yahoo.com/news/seven-said-consider-58-billion-023453477.html","article_id":"2483019672","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/D1R1a1UWmAGomombv3hgsw--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/785e834e98fd72ebcecb67b8296445ac"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483019672","pubTimestamp":1731465293,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Seven & i Holdings Co. is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth 9 trillion , people with knowledge of the matter said.The deal could be presented as an option for shareholders in the event that Alimentation Couche-Tard Inc. becomes more aggressive with its pursuit of Seven & i and makes a tender offer, the people said, asking not to be identified because the negotiations haven’t been made public.The operator of 7-Eleven stores hasn’t said anything publicly since Couche-Tard increased its proposed price for Seven & i to $18.19 a share last month to value the Japanese retailer at 7.2 trillion.Seven & i had rebuffed an earlier, lower offer by the Canadian operator of Circle K stores and embarked on a restructuring aimed at unlocking value. A deal with Couche-Tard would be the biggest-ever foreign takeover of a Japanese company.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ITOCY":"Itochu Corp.","MFG":"瑞穗金融","BK4104":"贸易公司与经销商","SMFG":"三井住友金融","ITOCF":"Itochu Corp."},"translate_title":"据称Seven&I正在考虑斥资580亿美元收购管理层","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ITOCF":0.9,"ITOCY":0.9,"MFG":0.9,"SMFG":0.9},"content_text":"(Bloomberg) -- Seven & i Holdings Co. is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth ¥9 trillion ($58 billion), people with knowledge of the matter said.\nThe deal could be presented as an option for shareholders in the event that Alimentation Couche-Tard Inc. becomes more aggressive with its pursuit of Seven & i and makes a tender offer, the people said, asking not to be identified because the negotiations haven’t been made public.\nThe operator of 7-Eleven stores hasn’t said anything publicly since Couche-Tard increased its proposed price for Seven & i to $18.19 a share last month to value the Japanese retailer at ¥7.2 trillion.\nSeven & i had rebuffed an earlier, lower offer by the Canadian operator of Circle K stores and embarked on a restructuring aimed at unlocking value. A deal with Couche-Tard would be the biggest-ever foreign takeover of a Japanese company.   \nUnder the management buyout being discussed, which would also be the largest-ever in Japan, trading house Itochu, the founding family and existing investors would contribute ¥3 trillion in cash and equity, the people said. Japan’s top magabanks — Sumitomo Mitsui Financial Group Inc., Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. — would put up ¥6 trillion in financing, they said.\nA representative for Seven & i wasn’t immediately available to comment. Representatives for Sumitomo Mitsui, Mitsubishi and Mizuho weren’t immediately available to comment. A spokesperson for Itochu declined to comment, saying nothing has been decided. \nItochu runs FamilyMart, a rival to 7-Eleven stores, and any deal may seek to deliver synergies between the two convenience-store chains. \nAlthough Seven & i laid out plans that will effectively split the company, the management buyout would initially seek to acquire the entire business, one of the people said. Following a deal, the new owners would eventually implement the plan to separate the business focused on 7-Eleven, convenience stores and gasoline stations from the other, which is made up of less profitable retail operations, the person said. \n(Updates with Itochu comment.)\n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483019672"}