Ito family explores buyout of Seven & i Holdings to fend off $47B foreign takeover bid.

The founding Ito family of Tokyo-based retail giant Seven & i Holdings is exploring a buyout, reportedly approaching private equity firms like KKR, Bain Capital, and Apollo Global Management. This move comes amid pressure to secure capital and resist a $47 billion takeover bid from Canadian firm Alimentation Couche-Tard. The family is working on a funding plan with Japan's three largest banks, expected to be finalized by December.

November 23, 2024
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