Tokyo, Japan – Seven & i Holdings Co., the owner of popular convenience store chain 7-Eleven, has recently made significant moves to defend itself against a $47 billion takeover bid. The company has announced a restructuring plan and the appointment of a new CEO in efforts to keep itself out of Canadian hands.
The restructuring plan includes a large-scale share buyback in an attempt to deter the potential takeover. By repurchasing $13 billion worth of shares, Seven & i hopes to strengthen its position and maintain control of the company. The buyback program is set to begin soon and is expected to significantly impact the company’s financial standing.
In addition to the share buyback, Seven & i also plans to list its North American subsidiary in the second half of 2026. This decision aims to enhance transparency and unlock potential value for the company. By listing the subsidiary separately, Seven & i hopes to attract more investors and increase shareholder value.
The company’s new CEO, an American executive, is expected to play a crucial role in implementing these strategic moves. With the CEO change scheduled for May, Seven & i is positioning itself for a new era of growth and stability. The CEO’s experience and expertise will be vital in navigating the company through these challenging times.
Overall, Seven & i is taking proactive steps to protect itself from the hostile takeover bid. By reshaping its corporate structure, repurchasing shares, and appointing a new CEO, the company is demonstrating its determination to remain independent and continue its success in the global market. With these bold actions, Seven & i is sending a clear message that it is prepared to defend itself from any potential threats to its ownership and control.