> 7-Eleven owner seeks to fend off takeover with buyback, US IPO / 36ZE9HH
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7-Eleven owner seeks to fend off takeover with buyback, US IPO / 36ZE9HH
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Description
The Japanese owner of 7-Eleven announces a raft of new measures to fend off a takeover by a Canadian rival, including a huge share buyback and an IPO of its US unit. The announcements are the latest twist in a saga that began last year, when Seven & i rebuffed a takeover offer worth nearly $40 billion from Canada's Alimentation Couche-Tard (ACT). IMAGES AND SOUNDBITES