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

Acquisition Plans: Seven & i, the owner of 7-Eleven, saw its shares rise nearly 11% following reports that its founding family is raising over $50 billion to take the company private by March 2025, potentially marking the largest buyout of a Japanese firm to date.

Previous Offers and National Security Designation: Alimentation Couche-Tard's takeover bids for Seven & i were rejected, with the company maintaining confidentiality in ongoing discussions; additionally, Seven & i has been designated as "core" to Japan's national security, requiring foreign investors to seek government approval for significant stakes.