--- title: "To Avoid Being Sold, 7-Eleven Teams Up with FamilyMart Against 'Barbarian' Takeover" description: "In other words, this MBO plan is also a defensive measure against ACT's potential hostile takeover. The Ito family, Itochu Corporation, and their partner banks have entered concrete negotiations. Seven & i Holdings has formed a special committee to conduct a thorough evaluation. The committee's chairman, Stephen Dacus, stated they will continue dialogue with stakeholders to maximize value. Following the news, Seven & i's stock surged up to 17%, while Itochu fell 3.4%. The financing plan involves about 3 trillion yen from the Ito family and Itochu, with the remaining 6 trillion yen provided as a syndicated loan by three major Japanese banks." author: "联商网编辑部" publisher: "New Distribution" email: "zhaobo258@gmail.com" telephone: "+8615854817671" published: "2024-11-14" language: "en" canonical: "https://xinjignxiao.com/en/articles/to-avoid-being-sold-7-eleven-teams-up-with-familymart-against-barbarian-0a18eb41/" markdown: "https://xinjignxiao.com/en/articles/to-avoid-being-sold-7-eleven-teams-up-with-familymart-against-barbarian-0a18eb41.md" original_source: "https://mp.weixin.qq.com/s/tJUFQOXQxHlYzCgIojvP1Q" translation: "https://xinjignxiao.com/zh/articles/%E4%B8%BA%E4%BA%86%E4%B8%8D%E8%A2%AB%E5%8D%96-7-11%E8%81%94%E5%90%88%E5%85%A8%E5%AE%B6%E5%AF%B9%E6%8A%97-%E9%87%8E%E8%9B%AE%E4%BA%BA-%E6%94%B6%E8%B4%AD-0a18eb41.md" attribution: "New Distribution — https://xinjignxiao.com/en/articles/to-avoid-being-sold-7-eleven-teams-up-with-familymart-against-barbarian-0a18eb41/" usage_policy: "https://xinjignxiao.com/ai-policy.txt" --- # To Avoid Being Sold, 7-Eleven Teams Up with FamilyMart Against 'Barbarian' Takeover > In other words, this MBO plan is also a defensive measure against ACT's potential hostile takeover. The Ito family, Itochu Corporation, and their partner banks have entered concrete negotiations. Seven & i Holdings has formed a special committee to conduct a thorough evaluation. The committee's chairman, Stephen Dacus, stated they will continue dialogue with stakeholders to maximize value. Following the news, Seven & i's stock surged up to 17%, while Itochu fell 3.4%. The financing plan involves about 3 trillion yen from the Ito family and Itochu, with the remaining 6 trillion yen provided as a syndicated loan by three major Japanese banks. **In other words, this MBO plan is also a defensive measure against ACT's potential hostile takeover if they proceed without an agreement.** The Ito family, Itochu Corporation, and their partner banks have entered concrete negotiations. Seven & i Holdings stated that it has formed a special committee, which will conduct a comprehensive and prudent evaluation together with financial and legal advisors. Stephen Dacus, chairman of the special committee composed of external directors, said: "We will continue dialogue with all relevant parties to maximize value." After the news was released, Seven & i's stock price surged up to 17%, marking the largest intraday gain since August 19. Itochu Corporation fell 3.4% at one point. **Behind this acquisition, the financing plan has taken shape: the Ito family, together with investors such as Itochu Corporation, will contribute about 3 trillion yen, while the remaining 6 trillion yen will be provided by Japan's three major financial giants—Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Bank, and Mizuho Bank—in the form of a syndicated loan.** These three banks, as long-term partners of Seven & i, have a deep understanding of the retail giant and will provide strong support for this financing deal. From a data perspective, the scale of this transaction is staggering. Previously, the largest management buyout in Japan was the 700 billion yen deal completed by Taisho Pharmaceutical Holdings this year; even in the broader M&A market, this would surpass Takeda Pharmaceutical's historic record of 7 trillion yen in acquiring Shire Pharmaceuticals. This comparison highlights the extraordinary scale and significance of this transaction. If successful, it would not only become the largest M&A deal in Japanese history but also send a strong signal to global investors: Japanese companies are undergoing profound transformation and restructuring, and traditional business models are facing new challenges and opportunities. **M&A is Full of Uncertainty** Interestingly, more than two decades later, Itochu Corporation has become the actual controller of FamilyMart, and Seven & i, facing pressure from foreign acquisitions, has to consider seeking support from a trading company. This historical turn, to some extent, confirms the profound changes in Japan's retail industry. In the view of Masaki Shiba, a former executive of Itochu Corporation's business division, spending 9 trillion yen to acquire a company with 10 trillion yen in sales is unprecedented in the Japanese market. Since Itochu owns FamilyMart, if Itochu supports 7-Eleven, it would create an unpredictable super situation, and this case is worth attention. --- ## Copyright and AI use This article is sourced from New Distribution. Search, quotation, summarization, and model training are permitted, but every use must credit New Distribution and retain the canonical source URL. Contact: zhaobo258@gmail.com · +86 158 5481 7671