Tokyo, Nov 20, 2024 (AFP) - Shares in 7-Eleven owner soar on counter-offer report

NAMPA / AFP

2024-11-20

Shares in the Japanese parent of 7-Eleven soared on Wednesday after a media report said its founding family wanted to take the firm private before the end of March as it looks to fend off a multibillion-dollar buyout offer. Seven & i, owner of the world's biggest convenience store chain, earlier this year rejected an offer of nearly US$40 billion from Canadian rival Alimentation Couche-Tard. ACT has since sweetened its offer, which if completed w......

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