Canadian convenience store chain Alimentation Couche-Tard (TSE:ATD) has been actively pursuing 7-Eleven branches throughout North America for a

Eleven parent company Seven & i wants to spin off its North American convenience store business, which includes roughly 13,000 U.S. locations.

Japan's Seven & i Holdings, the parent company of the 7-Eleven convenience store chain, has named a new CEO and plans to sell billions in assets as it tries to fend off a takeover bid from a Canadian rival.

Japan’s Seven & i, the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 billion. The company announced the deal a day after naming Stephen Dacus,

CEO Ryuichi Isaka will step down from May 27, with lead outside director Stephen Dacus taking up the role on the same day.

Bain Capital is nearing a deal to buy Seven & i Holdings Co.’s supermarket business, according to people familiar with the matter. Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY Mol

SEVEN & i Holdings is planning a large-scale share buyback to boost its valuation, according to sources familiar with the matter. The stock surged. Read more at The Business Times.

Eleven, announced measures to counter a Canadian takeover bid, including a $13.2-billion share buyback and IPO of its US unit by 2026. Stephen Hayes Dacus was named the first foreign CEO. The company plans to sell non-convenience-store assets to Bain Capital and bolster its valuation to avoid an ACT buyout.

BAIN Capital is nearing a deal to buy Seven & i Holdings’ supermarket business, according to people familiar with the matter. Read more at The Business Times.

Eleven, has selected Bain Capital as favoured bidder for a significant portion of its non-core assets. The decision, reported by Reuters, places Bain in a favourable position over other contenders KKR & Co and Japan Industrial Partners.

After a tumultous six months that began when it received a buyout offer from Canadian Circle-K operator Alimentation Couche-Tard (ACT), Seven & i announced its most far-reaching leadership and business restructuring on Thursday.

After receiving a takeover bid from Alimentation Couche-Tard last year ... a stake of its non-core assets to private equity firm Bain Capital, two other sources said. The retailer has sought ...