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Investing.com -- Seven & i Holdings’ planned listing of its North American operations would allow the Japanese convenience store operator to take on more debt for faster growth, CEO Stephen Dacus said Wednesday.
Speaking at a strategy briefing in Tokyo, Dacus explained that the listing, scheduled for the second half of 2026, would enable quicker store expansion in the U.S. and additional bolt-on acquisitions.
The 7-Eleven chain operator needs to prove it can grow independently after successfully resisting a takeover attempt from Canadian competitor Alimentation Couche-Tard.
Couche-Tard withdrew its $46 billion offer last month, citing lack of engagement from Seven & i. This led to a 9% drop in Seven & i’s share price as investors questioned the company’s standalone growth strategy.
Addressing the failed takeover, Dacus stated that Couche-Tard never had a viable plan to overcome U.S. regulatory obstacles. He added that Couche-Tard’s poor performance over the past year may have influenced its decision to back away from negotiations.
"I’m not surprised it ended the way it did," Dacus said.
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