"Japan-based Seven & i Holdings, owner of the iconic global chain of 7-Eleven convenience stores, is at the center of an intensifying bidding war, multiple outlets reported."
"If the deal were to go through, it would be the largest-ever foreign takeover of a Japanese company, highlighting the significant interest in acquiring the iconic 7-Eleven brand."
"Ryuichi Isaka, CEO of Seven & i, stated that the company has 'potential for significant growth globally,' announcing an ambitious restructuring plan to increase revenue to about $200 billion by 2030."
"Junro Ito, an executive at Seven & i Holdings and the heir to the 7-Eleven chain, proposed a management buyout taking the company private with a $58 billion bid."
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