Seven & i Announces Major Restructuring to Counter $47 Billion Takeover Bid

The 7-Eleven parent plans a U.S. IPO, a $13.2 billion share buyback, and asset sales while appointing its first foreign CEO.

Seven & i Holdings will sell its underperforming supermarket unit, York Holdings, to Bain Capital for $5.4 billion, with the deal expected to close by September 2025.
The company plans to list its North American convenience store business, 7-Eleven, on a major U.S. stock exchange by the second half of 2026.
Proceeds from the asset sales and IPO will fund a $13.2 billion share buyback program through fiscal year 2030 to boost shareholder value.
Stephen Dacus, Seven & i's lead outside director and head of its special committee, will become the company's first foreign CEO on May 27, 2025, succeeding Ryuichi Isaka.
The restructuring is part of efforts to fend off a $47 billion takeover bid by Canadian rival Alimentation Couche-Tard, with regulatory hurdles cited as a key challenge to any potential deal.