Seven & I Is Said to Consider $58 Billion Management Buyout

Seven & i Holdings Co. is considering a management buyout to take itself private with funding from banks, Itochu Corp. and the founding Ito family in a transaction that could be worth around ¥9 trillion ($58 billion), people with knowledge of the matter said.

Any deal could be presented as an option for shareholders in the event that Alimentation Couche-Tard Inc. becomes more aggressive with its pursuit of Seven & i and makes a tender offer, the people said, asking not to be identified because the negotiations haven’t been made public. Seven & i confirmed the family’s non-binding proposal without giving specifics, including a price.