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7-Eleven's Japanese owner appoints American CEO to fend off $47 billion takeover bid


Published on 2025-03-07 01:20:49 - CNN
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  • Seven & I Holdings, the Japanese operator of the 7-Eleven convenience store chain, appointed its first foreign CEO and handed him the task of overhauling its business to fend off a $47 billion overseas takeover bid and engineer a recovery.

The Japanese owner of 7-Eleven, Seven & i Holdings, has appointed a new American CEO, Ryuichi Isaka, to counter a $47 billion takeover bid from ValueAct Capital, an activist investor. This strategic move aims to strengthen the company's defense against the hostile acquisition attempt. Isaka, who has extensive experience within the company, is expected to leverage his knowledge to navigate the complex situation. The appointment comes amidst ongoing pressure from ValueAct, which has been pushing for a breakup of Seven & i to unlock shareholder value, criticizing the conglomerate's conglomerate structure and its performance. The new CEO's role will be crucial in maintaining the integrity of Seven & i's diverse business portfolio, which includes not only 7-Eleven but also department stores and other retail operations.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/money/economy/7-eleven-s-japanese-owner-appoints-american-ceo-to-fend-off-47-billion-takeover-bid/ar-AA1ApU9r ]