Japan’s 7-Eleven owner eyes going private with $38bn buyout #JapanFinance

TOKYO — Japan’s 7-Eleven convenience store chain owner Seven & i Holdings is considering plans to go private by means of a management buyout, Nikkei learned on Wednesday.

According to sources, the retail giant is approaching financial institutions about raising funds for the plan as a way to fight a takeover offer from Canada’s Alimentation Couche-Tard.