7-Eleven Owner Names New CEO, Announces IPO Plan for North American Unit
Seven & i Holdings named director Stephen Dacus as the new chief executive and said it aims to list its North American convenience-store unit by the end of 2026.
7-Eleven owner announces measures to fend off takeover
Eleven, announced measures to counter a Canadian takeover bid, including a $13.2-billion share buyback and IPO of its US unit by 2026. Stephen Hayes Dacus was named the first foreign CEO. The company plans to sell non-convenience-store assets to Bain Capital and bolster its valuation to avoid an ACT buyout.
7-Eleven owner plans share buyback, US unit IPO to fend off potential buyout
The company said it will pursue an initial public offering of its 7-Eleven convenient store business in the US in the second half of 2026. In addition, it struck a deal to sell its superstore business for $5.
7-Eleven Owner Names New CEO as It Tries to Ward Off Takeover
Seven & i Holdings said it aims to list its North American convenience-store unit by the end of 2026, as it seeks to head off a takeover attempt by the Canadian owner of Circle K.
7-Eleven owner seeks to fend off takeover with buyback, US IPO
The Japanese owner of 7-Eleven announced on Thursday a raft of new measures to fend off a takeover by a Canadian rival, including a huge share buyback and an IPO
Seven & i names new CEO, unveils 7-Eleven IPO and stock buyback plans
Seven & i (OTCPK:SVNDY) has appointed its first foreign CEO, and announced plans to take its convenience store business public and implement an over $13B stock buyback, as it seeks to unlock significant shareholder value.
7-Eleven owner reveals share buyback and US subsidiary IPO plans
Eleven's Japanese owner, Seven & i, announced measures to counter a Canadian takeover, including a $13.2 billion share buyback and IPO of its US unit. They also appointed Stephen Hayes Dacus as the first foreign CEO.
7-Eleven Owner Appoints First Foreign Leader
We view the appointment of Stephen Dacus to be generally positive.”Although a Bloomberg report of the share buyback lifted ...
7-Eleven parent company announces restructuring and CEO change
In a major restructuring Seven & i Holdings, parent company of 7-Eleven, said Thursday that Stephen Dacus will become its new ...
7-Eleven Taps American Executive to Help Keep It Out of Canadian Hands
The Japanese owner of the chain also announced a plan to list its U.S. convenience store business as it tries to fend off a ...
Bain Capital Sees More M&A, IPO for 7-Eleven Supermarket Segment
Bain Capital said it intends to pursue further deals to grow a Japanese supermarket company it acquired from Seven & i ...
7-Eleven parent company president reportedly plans to step down
The Japanese parent company of convenience store chain 7-Eleven is reportedly preparing for its current president, Ryuichi ...
7-Eleven Owner’s Founding Family Fails in Bid to Fend Off Foreign Takeover
The 7-Eleven owner said that as a result there is no actionable acquisition proposal from the founding family to consider at ...
Seven & i set to list North American 7-Eleven store business
Seven & i, the Japanese retail giant, is planning to list its 7-Eleven store business in North America next year, as it faces ...