TOKYO -- Seven & i, the operator of the 7-Eleven convenience chain, announced Thursday that its founding family had informed the Japanese retail group that it could not secure the financing required for its buyout plan, and that "there is no actionable proposal" to consider at the moment.
Seven & i said in a statement that it "continues to assess a full range of strategic alternatives, including the proposal from Alimentation Couche-Tard," citing the $47 billion takeover offer by the Canadian convenience store operator.
