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 12% on Thursday, closing at ¥2,118, down 10.95% from the day before. “There is no actionable proposal from Mr. Junro Ito and Ito-Kogyo for 7&i to consider at this time,” Seven & I said in a statement.
Japan's Itochu has decided not to participate in a buyout for Seven & i Holdings put forward by the retailer's founding ...
Trading company Itochu Corp. is withdrawing from a management buyout of Seven & i Holdings Co. Ltd. proposed by the global ...
The founding family of the Japanese firm that currently owns the global 7-Eleven chain fell short in raising enough money to ...
Negotiations within the consortium proposing a ¥9 trillion ($60 billion) management buyout of Seven & i Holdings Co. have ...
Tokyo, Feb. 26 (Jiji Press)--Japanese trading house Itochu Corp. plans not to take part in a bid by Seven & i Holdings Co.'s ...
Itochu had considered investing US$6.69-billion in the deal but ultimately saw low synergies between its food and beverage business and Seven & i, the Nikkei newspaper reported ...
The consortium proposing a management buyout of Seven & i Holdings Co. “has been unable to secure the financing required to ...
Shares of Japan's Seven & i Holdings plunged as much as 12.44% Thursday after the company said the founding family had failed ...
Shares of five Japanese trading houses were on a tear after Buffett wrote in Berkshire Hathaway's annual shareholder letter ...
TOKYO -- Seven & i Holdings is running out of alternatives to a proposed acquisition by Canada's Alimentation Couche-Tard after trading house Itochu decided not to participate in its proposed ...
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