1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Seven & i Holdings Co Ltd
  6. News
  7. Summary
    3382   JP3422950000

SEVEN & I HOLDINGS CO LTD

(3382)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Seven & i : buys U.S. Speedway chain despite warning of "illegal" deal

05/15/2021 | 06:38am EDT

Japanese retailer Seven & i Holdings Co. said Saturday it has completed its $21 billion acquisition of Speedway LLC, a U.S. convenience store chain and gas station network, despite U.S. antitrust officials saying the deal may be "illegal."

The future of Seven & i's purchase of Speedway could be under scrutiny after the acting chairwoman and a commissioner of the U.S. Federal Trade Commission said in a statement Friday, "We have reason to believe that this transaction is illegal."

They said the deal raises "significant competitive concerns in hundreds of local retail gasoline and diesel fuel markets across the country."

7-Eleven Inc., a U.S. subsidiary of Seven and i, said in its press release the same day, that completion of the purchase was "legally allowed."

Tokyo-based Seven & i said it has acquired the convenience store and fuel retail businesses of Marathon Petroleum Corp., the U.S. oil refiner that owns Speedway.

The U.S. subsidiary added that to address such competitive concerns, it divested 293 fuel outlets, and was informed that the FTC staff has recommended that the commissioners approve the deal.

In their statement, Acting Chairwoman Rebecca Kelly Slaughter and Commissioner Rohit Chopra said the commission will "continue to investigate to determine an appropriate path forward to address the anticompetitive harm."

Seven & i announced in August last year its plan to buy Speedway, which has about 3,900 stores in the United States, in a bid to expand revenue sources overseas due to a saturated domestic market.

==Kyodo

© Kyodo News International, Inc., source Newswire

All news about SEVEN & I HOLDINGS CO LTD
05/05ValueAct backs Seven & i director slate, urges more focus on 7-Eleven
RE
04/19Japan's 7-Eleven operator picks former Uber executive as it looks overseas
RE
04/19SEVEN & I : Revision of Compensation System and Compensation Policy for Directors and Audi..
PU
04/19SEVEN & I : Notice of Additional Director Appointment
PU
04/08Seven & i Logs Higher Fiscal 2022 Net Income as Revenue Soars 52%
MT
04/08Japan Index Closes Marginally Higher; Seven & i Logs Higher Fiscal 2022 Net Income
MT
04/07Japan's Nikkei slides on U.S. rates caution, eyes worst week in a month
RE
04/07Seven & i Holdings Announces Plan to Sell Sogo & Seibu
CI
04/07Japan's Seven & i to reshape board as part of focus on global expansion
RE
04/07SEVEN & I : Brief Summary FY2022
PU
More news
Analyst Recommendations on SEVEN & I HOLDINGS CO LTD
More recommendations
Financials
Sales 2022 8 536 B 65 995 M 65 995 M
Net income 2022 214 B 1 655 M 1 655 M
Net Debt 2022 1 245 B 9 623 M 9 623 M
P/E ratio 2022 22,9x
Yield 2022 1,82%
Capitalization 4 905 B 37 919 M 37 919 M
EV / Sales 2022 0,72x
EV / Sales 2023 0,59x
Nbr of Employees 58 975
Free-Float 83,9%
Chart SEVEN & I HOLDINGS CO LTD
Duration : Period :
Seven & i Holdings Co Ltd Technical Analysis Chart | 3382 | JP3422950000 | MarketScreener
Technical analysis trends SEVEN & I HOLDINGS CO LTD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 5 554,00 JPY
Average target price 6 300,00 JPY
Spread / Average Target 13,4%
EPS Revisions
Managers and Directors
Ryuichi Isaka President & Representative Director
Yoshimichi Maruyama General Manager-Finance & Accounting
Toshiro Yonemura Independent Outside Director
Kunio Ito Independent Outside Director
Yoshio Tsukio Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SEVEN & I HOLDINGS CO LTD9.85%37 919
AVENUE SUPERMARTS LIMITED-21.72%30 580
SM INVESTMENTS CORPORATION-11.77%19 126
COLES GROUP LIMITED2.84%17 539
CARREFOUR30.58%16 564
ALBERTSONS COMPANIES, INC.-3.15%15 290