A client looks inside a 7-Eleven convenience store along a street in the center of Tokyo on September 9, 2024.
Richard A. Brooks | AFP | Pictures of getty
Seven & and holdingsthe father of 7-Eleven, said on Thursday to replace CEO Ryuichi Isaka, with independent independent director Stephen Dacus, turning a foreigner for the first time executive, According to domestic media.
Dacus will be in charge of Isaka on May 27, according to a presentation of the company. Seven and I said that Isaka will remain as the principal advisor to the company.
Currently, Dacus was the head of the company’s special committee, which is evaluating a $ 47 million acquisition offer from Canada’s feeding. It was announced that he had left the committee on March 5, and independent director Paul Yonamine replaced him.
The comfort The store operator also announced a repurchase of 2 trillion yen shares ($ 13.2 billion) and plans to list its American subsidiary, 7-Eleven Inc.
The company said it will maintain a majority participation in the subsidiary that will appear in the second half of 2026.
SEVEN shares and ended on the day of 6.11%, as reports on impending changes were on Thursday.
The company also announced that it will sell its business group of Superstore, formed by supermarkets, to the BAIN Capital Investment Company 814.7 billion Yen ($ 5.37 billion), with the transaction expected to be completed in September 2025.
It also plans to reduce its participation in the Arm Seven bank services by selling its participation by up to 40%. Seven banks will also be faded from the company’s balance.
Seven & and said that the purchase of shares will be financed by revenue from the sale of their superstore business group and the 7-Eleven Inc. IPO.
These rewards will begin when the sale is completed and is expected to conclude by 2030 of the 2030 company.
A dividend policy will also be implemented, saying that the company added that « it will continue to maintain or increase the amount of dividends per action over time for the cash flow generated from the ordinary commercial operation ».
Seven and I also provided an update on the Canada’s Couche-Tard acquisition offer, saying that the special committee formed to review the proposal « has promised to explore all the opportunities for value creation, including active and constructive commitment to the ACT and will continue to do so. »
He said a consistent obstacle that the welding proposal needed to solve is « the serious antitrust challenges of the United States that any transaction would face. »
The company then revealed that he has been working with Couche-Card to combine a « potential divestment pack » that could be effectively operated and secure competition between couche-tard and the donated store buyer, even after a transaction.
Couche-tard $ 47 million offer is the only active offer for seven and I, after a The Founding Family Management Purchase attempt failed To ensure the funding needed to take on the convenience store operator last week.
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