7-Eleven Parent Announces Leadership Change, IPO Plans to Counter Takeover Bid

Seven & i Holdings unveils restructuring measures, including a U.S. IPO and asset sales, while rejecting a $47 billion offer from Alimentation Couche-Tard.

Seven & i Holdings, the Japanese owner of 7-Eleven, plans to list its North American subsidiary on a major U.S. stock exchange by the second half of 2026.
The company announced a $13.2 billion share buyback and the sale of its non-convenience-store business to Bain Capital for $5.4 billion.
Ryuichi Isaka will step down as CEO, with Stephen Dacus, the first foreign executive to lead the company, taking over in May 2025.
The board formally rejected a raised $47 billion takeover bid from Canada's Alimentation Couche-Tard, citing antitrust concerns and a lack of shareholder assurance.
Seven & i aims to focus on its core convenience store business while pursuing independent strategies to boost shareholder value.