|
|
Article: Seven-Eleven Japan Makes 7-Eleven Offer
- 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)
|
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 Wednesday closing price of $28.34.
Dallas-based ...
Related newspaper, magazine, and journal articles:
|
|
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 ...
|
|