Race for Japanese firm 7-Eleven owner heats up with founding family bid

Race for Japanese firm 7-Eleven owner heats up with founding family bid

FILE PHOTO: Seven & i’s logo is seen at a 7-Eleven convenience store in Tokyo, Japan August 19, 2024. REUTERS/Kim Kyung-Hoon/File Photo

Japan’s Seven & i Holdings has received a buyout proposal from a member of its founding Ito family, it said on Wednesday, a potential $58 billion white-knight bid as it weighs a rival offer from Canada’s Alimentation Couche-Tard