Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2024
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Should l Buy ?
Source: CNBC
Acquisition Plans: Seven & i, the owner of 7-Eleven, saw its shares rise nearly 11% following reports that its founding family is raising over $50 billion to take the company private by March 2025, potentially marking the largest buyout of a Japanese firm to date.
Previous Offers and National Security Designation: Alimentation Couche-Tard's takeover bids for Seven & i were rejected, with the company maintaining confidentiality in ongoing discussions; additionally, Seven & i has been designated as "core" to Japan's national security, requiring foreign investors to seek government approval for significant stakes.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
