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Article: Seven-Eleven Japan Offers to Buy 7-Eleven
- Article from:
- AP Online
- Article date:
- September 1, 2005
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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AP Online
09-01-2005
Dateline: NEW YORK
Seven-Eleven Japan Co. said Thursday it will launch a $1.2 billion cash tender offer for the 27.3 percent stake it doesn't already own in its U.S. affiliate 7-Eleven Inc., in a move to take the world's largest convenience store chain private.
Seven-Eleven Japan _ which is Japan's largest convenience store operator with more than 10,000 locations _ is 51 percent owned by Japanese retailer and Denny's franchisee Ito-Yokado.
The company, which already holds 72.7 percent of the U.S. 7-Eleven, has offered $32.50 a share in cash for the remaining shares. That represents a 15 percent premium over 7-Eleven's ...
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Article: The Southland Corp., Ito-Yokado Co. Ltd., and Seven-Eleven ...
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December 10, 1990 ;
700+ words
... ... YOKADO CO. LTD., AND SEVEN-ELEVEN JAPAN CO. LTD. PROPOSE NEW BOARD MEMBERS ... Ito-Yokado Co. Ltd., Seven-Eleven Japan Co. Ltd. and The Southland Corp ... selected by Ito-Yokado and Seven-Eleven Japan; (iii) two individuals designated ...
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