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

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

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

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.

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 ...