Itochu Not to Join Seven & i Buyout by Founding Family
Tokyo, Feb. 26 (Jiji Press)--Japanese trading house Itochu Corp. plans not to take part in a bid by Seven & i Holdings Co.'s founding family to buy out the Japanese retail giant, it was learned Wednesday.
This has cast a pall on the founding family's takeover plan, as Itochu had reportedly been mulling a possible investment of around 1 trillion yen, out of the 8 trillion to 9 trillion yen the family is seeking to secure for the buyout.
(2025/02/26-20:57)
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