7-Eleven owner left with few options other than Canadian buyout

Founding family's bid for Seven & i faces renewed funding obstacles

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Alimentation Couche-Tard's acquisition offer will be difficult to counter. © Reuters

YOSHIHIRO HARA, HIDEKI SHINOHARA and SHIN WATANABE

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 privatization, derailing efforts by the 7-Eleven parent's founding family to raise the 8 trillion yen ($54 billion) needed for the deal.

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