Seven & I considers huge administration buyout provide

7-Eleven’s guardian firm is contemplating an enormous administration buyout that will take it personal and finish a takeover try by Alimentation Couche-Tard.

The hassle, which brings collectively a member of the corporate’s founding household, an enormous buying and selling firm and a few of Japan’s largest banks, is the newest twist within the battle for management of one in all Japan’s most profitable enterprises and one of many world’s best-recognized manufacturers.

In a press release launched Wednesday, Seven & I Holdings stated that it has acquired a nonbinding provide for the corporate from Junro Ito, a vice chairman and consultant director of the corporate, and Ito Kogyo, an organization related to him.