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Article: Seven-Eleven Japan offers US$1.2 billion for rest of U.S. affiliate 7-Eleven
- Article from:
- AP Worldstream
- Article date:
- September 1, 2005
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AP Worldstream
09-01-2005
Dateline: TOKYO
Seven-Eleven Japan Co. said Thursday it will launch a $1.2 billion (euro980 million) 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 wholly own the world's largest convenience store chain.
Seven-Eleven Japan _ which is Japan's largest convenience store operator with more than 10,000 locations _ is a convenience store unit of Seven & I Holdings Co. and is 51 percent owned by Japanese retailer Ito-Yokado.
The company, which already holds 72.7 percent of the U.S. 7-Eleven, has offered US$32.50 (euro26.64) a share in cash for the remaining shares. That represents a 15 percent ...
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Article: U.S. 7-ELEVEN REJECTS SEVEN-ELEVEN JAPAN'S ...
AsiaPulse News;
September 26, 2005 ;
631 words
... ... shareholders reject parent Seven-Eleven Japan Co.'s buyout bid. A special ... board plans to discuss with Seven-Eleven Japan increasing the bid after having ... shareholders compelling value," Seven-Eleven Japan parent Seven & I Holdings ...
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