7-Eleven Owner Gets Bid From Executive


A son of the founder of the Japanese retail giant that owns the 7-Eleven convenience-store chain has proposed a buyout of the holding company, the latest twist in a standoff between the Japanese company and the Canadian owner of Circle K, which proposed its own takeover deal.

Junro Ito, vice president at Seven & i Holdings, is the second son of founder Masatoshi Ito, who started from a single outlet in Japan to build the business empire behind one of the world's biggest...

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