Seven & I Private Branded, cooked meals in the 7-Eleven store, run by Seven & I Holdings Co. , In Tokyo, Japan, on Thursday, 18 January 2024.
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Japan shares Seven while I am holding Up to 12.44 % on Thursday after the company said that the founding family failed to secure the necessary financing to interrogate the store operator.
This is translated into a loss in the maximum market for more than $ 5 billion.
Earlier on Thursday, Yomuiri newspaper reported that Seven & I had abandoned the administrative acquisition plan, which is more than 8 trillion yen ($ 53.69 billion).
The company said: “They (the founding family) were unable to secure the financing required to submit a final suggestion to obtain 7 & I. As a result, there is no implementable suggestion from Mr. Junro ITO and ITO-KGYO for a period of 7 and I to consider at this time.” In a file.
It is Juno He is the vice president of seven & I and the late Massochi Eto'o, the founder of Seven & I. Ito-kgyo is a subsidiary of the Vice President, which is seven years The second largest interest owners with 8.2 % stake.
Wednesday, Reuters I mentioned that the commercial house Itochu He decided not to participate in the acquisition. Itochu thought about investing 1 trillion yen in the deal, but then it retreated as there were a few synergy between her food, beverages and seven & I, Nikkei said.
Local media reported in November that the founding family was cooperating with “three Japanese huge and major American financial institutions” to launch the acquisition.
Seven & I refused in 2024 two offers from the Canadian store operator Couche-Tard.
Couche-Trad was initially made Offer $ 14.86 per share To take more than seven & I am August last year. The show was rejected, with seven and I say that “Reducing the value in stark” The company.
The company then And according to what was reported In October offered by more than 22 % to $ 18.19 per share, it is bound seven and 7 trillion Japanese, or about $ 47 billion.
Seven and I said that “he is still committed To explore all opportunities to cancel the value lock for shareholders and continue to evaluate a full set of strategic alternatives, including Alimentation Couche-TARD proposal, Inc. “
