The moves are part of the 7-Eleven chain operator’s plans to fend off a $47 billion takeover bid from Alimentation Couche-Tard, which runs the rival Circle K chain.

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

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

CEO Ryuichi Isaka will step down from May 27, with lead outside director Stephen Dacus taking up the role on the same day.

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.

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.

Seven & i Holdings, the Japanese operator of the 7-Eleven convenience store chain, appointed its first foreign CEO and handed him the task of overhauling its business to fend off a US$47-billion overseas takeover bid and engineer a recovery.

Japan's Seven & I, the parent company of the Japanese 7-Eleven convenience store chain, says it is selling its supermarket store assets to Bain Capital for about $5.4 billion.