7-Eleven stores are at the center of a multibillion-dollar bidding war.Getty ImagesSeven & i Holdings, owner of 7-Eleven stores, is at the center of a three-way bidding war.The company's management, its founders, and a Canadian convenience store company all want control.Depending on who ultimately prevails, the Japan-based company could go private.Japan-based Seven & i Holdings, owner of the iconic global chain of 7-Eleven convenience stores, is at the center of an intensifying bidding war, multiple outlets reported.The company's management, its founding family, and a Canadian company — Alimentation Couche-Tard, owner of Circle K convenience stores — are all interested in control of the chain, with bids upward of $58 billion.Business Insider previously reported Alimentation Couche-Tard made its first bid this summer, proposing a purchase to expand its nearly 17,000-store catalog of global convenience stores with 7-Eleven's approximately 85,000 locations if the sale was approved.
7-eleven Is At The Center Of A Multibillion-dollar Bidding War
ktangalakislippert@businessinsider.com (Katherine Tangalakis-Lippert), Business Insider
Sat, 11/23/2024 - 5:50pm
Topics: getty imagesseven mdash alimentation couche-tard circle k quebec-based october the wall street ceo ryuichi isaka tokyo the 7-eleven dallas southland ice company masatoshi ito mdash junro ito november seven holdings japan alimentation couche-tard insider the journal junro ito bloomberg ito-yokado business multibillion-dollar bidding war center of a multibillion-dollar bidding chain convenience stores management owner store buyout canadian purchase global offer investors stock reported month locations summer proposal called board founded
BING NEWS:
- 7-Eleven is at the center of a multibillion-dollar bidding war
Eleven stores are at the center of a three-way bidding war between the company's management, its founders, and a Canadian convenience store company.
11/23/2024 - 12:21 pm | View Link - 7-Eleven, the Slurpee and a $47 Billion Takeover Battle
The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here’s why they’re hungry for it.
11/22/2024 - 1:06 pm | View Link - 7-Eleven rejects multibillion-dollar offer from Circle K owner for huge convenience store merger
The operator of 7-Eleven has rejected an opening offer from the owner of convenience store rival Circle K, indicating the bid was too low and that its global business was worth more. In a ...
09/5/2024 - 5:22 pm | View Link - 7-Eleven rejects multibillion-dollar takeover offer from Circle K owner
FILE - People shop at a 7-Eleven convenience store in New York, Tuesday, March 19, 2024. TOKYO (AP) — The parent company of the Japanese 7-Eleven convenience store chain said Friday that it's ...
09/5/2024 - 1:01 pm | View Link - More
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