Seven & i shares plunge over 12% as management buyout falls through

Shares of Japan’s Seven & i Holdings plummeted 12.44% after the founding family failed to secure financing for a buyout of the convenience store operator, resulting in a $5 billion loss in market cap. The management buyout plan, reported to be worth over $53.69 billion, was abandoned following this development, as per Yomuiri newspaper.

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