Japan’s Seven & i Holdings is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth US$58 billion
“People with knowledge of the matter” cited in the reports via Nikkei and Bloomberg.
The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover attempt by Canadian rival Alimentation Couche-Tard, the news report says.
This article was written by Eamonn Sheridan at www.forexlive.com.
