Seven & i mulls management buyout to fend off Canadian takeover bid

Japanese retail giant Seven & i Holdings Co. said Wednesday it is considering a management buyout proposed by a member of the company's founding family, in a move that could thwart a takeover bid by a Canadian convenience store giant.The suggestion that will take the Japanese operator of the Seven-Eleven convenience store chain private is a fresh development in the takeover battle with Alimentation Couche-Tard Inc., whose latest offer has been estimated to be worth around 7 trillion yen ($45 billion).The potential management buyout, proposed by Seven & i Vice President Junro Ito, is likely …READ FULL ARTICLE