7-Eleven Parent's Stock Drops Over 12% Following Failed Buyout Bid

Seven & i's founding family was unable to secure $58 billion for a management buyout, increasing the likelihood of a rival offer from Canadian company Couche-Tard.

Shares of Seven & i Holdings fell over 12% after the founding Ito family failed to secure financing for a proposed $58 billion management buyout.
Japanese trading house Itochu, initially considering a $6.7 billion investment, withdrew from the buyout plan due to limited business synergies with Seven & i.
The management buyout, if successful, would have been the largest in history and aimed to take the company private, reducing shareholder pressure and retaining control within the Ito family.
With the buyout attempt abandoned, Canadian convenience store operator Alimentation Couche-Tard's $47 billion takeover bid is back under consideration.
Seven & i stated it remains committed to exploring strategic alternatives to unlock shareholder value, including revisiting Couche-Tard's proposal.