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7-Eleven Buyout by Founding Family Fails, Canadian Bid Gains Traction

Seven & i Holdings confirms the Ito family could not secure funding for a management buyout, leaving Alimentation Couche-Tard's $47 billion offer as the leading option.

(FILES) A customer is seen inside a 7-Eleven convenience store along a street in central Tokyo on September 9, 2024. Shares in the Japanese owner of 7-Eleven plunged 12 percent on February 27, 2025 after reports said a bid by the convenience store giant's founding family to go private had failed. (Photo by Richard A. Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images)
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The logo of Seven & I Holdings is seen at its headquarters in Tokyo, Japan December 6, 2017. REUTERS/Toru Hanai/FIle photo

Overview

  • The founding Ito family of Seven & i Holdings failed to raise the $58 billion required for a management buyout, leading to a 12% drop in the company's stock price.
  • Canadian convenience store giant Alimentation Couche-Tard's $47 billion takeover bid is now the only active proposal under consideration by Seven & i.
  • The Ito family's proposed buyout was supported by Itochu Corp and other financial institutions, but disagreements over management control and strategic fit led to its collapse.
  • Couche-Tard has reiterated its commitment to a mutually agreeable deal, though antitrust concerns in the U.S. and national security considerations in Japan remain significant obstacles.
  • Seven & i, which owns 85,000 7-Eleven stores worldwide, continues to explore strategic alternatives to unlock shareholder value while facing pressure to address its underperforming assets.