TOKYO (Reuters) –     Shares in Seven & i Holdings jumped more than 9% in early Tokyo trading on Wednesday following a media report that the founding family behind the Japanese retailer was aiming to take it private within this financial year ending in March. The shares were last up 9.2% at 2,661 yen ($17.20), compared with a 0.19% rise in the benchmark Nikkei average. Japanese public broadcaster NHK reported on Tuesday that the founding Ito fam…

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Seven & i shares soar after report founding family aims to complete buyout this FY

NHK said the founding family will raise over 8 trillion yen from "three Japanese megabanks and major American financial institutions."

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Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private

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TOKYO (Reuters) - Shares in Seven & i Holdings jumped more than 9% in early Tokyo trading on Wednesday following a media report that the founding family behind the Japanese retailer was aiming to take it private within this financial year ending in March.

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Seven & i Shares Soar after Report Founding Family Aims to Complete Buyout This FY

TOKYO (Reuters) -Shares in Seven & i Holdings jumped in early Tokyo trading on Wednesday following a media report that the founding family behind the Japanese retailer was aiming to take it private within this financial year ending in March.  The shares surged as much as 11% and finished the morning session up 8.4% at 2,642.5 yen ($17.07), compared with a 0.45% drop in the benchmark Nikkei average. The operator of more than 80,000 7-Eleven conve…

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Seven & i shares soar after report founding family aims to complete buyout this FY - Blue Water Healthy Living

Shares of 7-Eleven owner Seven & i soared nearly 11% on Wednesday after a report said the company's founding family was raising more than $50 billion …

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SHARES in Seven & i Holdings jumped more than 9 per cent in early Tokyo trading on Wednesday following a media report that the founding family behind the Japanese retailer was aiming to take it private within this financial year ending in March.

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In a significant turn of events, shares of Seven & i Holdings Co., Ltd. surged to an all-time high on Wednesday, buoyed by reports of the founding Ito family’s intentions to take the company private. The stock jumped nearly 10%, reaching 2,671.0 yen by 20:00 ET, as investors reacted to the news that the family is looking to raise over $51.7 billion to facilitate this transition. Source

Seven & i shares soar after report founding family aims to complete buyout this FY

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