Seven & i acquisition drama jolted by founding family buyout twist

Both acquisition proposals face funding, regulatory hurdles

20241114N seven 3-way montage

Seven & i Vice President and founding family member Junro Ito, left, and Alimentation Couche-Tard founder and Executive Chairman Alain Bouchard. (Source photos by Nikkei)

YOSHIHIRO HARA, KOSUKE OKAMOTO and HIDEKI SHINOHARA, Nikkei staff writers

TOKYO -- With its founding family plotting a management buyout, Japan's Seven & i Holdings now has three choices for its future: going private with the family, accepting a takeover bid by Canada's Alimentation Couche-Tard, or going it alone.

If the Japanese owner of the 7-Eleven retail chain chooses to go private through a buyout by the founding Ito family or remain independent, the group will pursue its previously announced strategy of focusing on convenience store operations worldwide.

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