TOKYO — As Seven & i Holdings seeks to fend off a takeover bid from a Canadian rival with sweeping restructuring measures, its success will depend on whether it can lift its share price above the $18.19 takeover price proposed by the suitor.
The turnaround measures include selling its shares in York Holdings to U.S. investment fund Bain Capital and cutting its stake in Seven Bank by the end of fiscal 2025. It will also install independent director Stephen Hayes Dacus as new president.
