7 Eleven, the Slurpee and a $47 Billion Takeover Battle

7-Eleven, the Slurpee and a $47 Billion Takeover Battle

The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here’s why they’re hungry for it.

Business - The Wall Street Journal - 11 hours ago

7-Eleven starts talks with ACT on $47bn takeover bid as ‘white knight’ emerges

Japanese convenience store operator receives rival buyout offer from members of founding family

Business - Financial Times - November 13

Couche-Tard Targets More Fresh Food In 7-Eleven Pursuit

The owner of Circle K convenience stores wants to cook up more fresh food sales, and it’s willing to spend $47 billion to do it.

Business - The Wall Street Journal - November 4

7-Eleven Owner Receives Buyout Proposal From Founder's Son

Seven & i Holdings said a special committee is reviewing the proposal made by Vice President Junro Ito and his affiliated firm.

Business - The Wall Street Journal - November 13

The US consumer is fine (but no better)

Aggregates conceal a lot

World - Financial Times - 3 days ago

UniCredit and Commerzbank square off with target hikes amid takeover battle

UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers still hangs in balance.

Business - CNBC - November 6

KKR and Bain’s $4bn takeover battle set to open up M&A in Japan

Bankers say clash of private equity titans augurs new phase of ‘hostile’ dealmaking in country

World - Financial Times - 5 days ago

Halozyme says €2 billion takeover of Evotech would create leader in drug discovery

Halozyme says the combined company would have an estimated $2 billion in revenue in 2025.

Business - MarketWatch - 5 days ago

Samsung Electronics Plans $7 Billion Share Buyback

The South Korean technology giant’s stock repurchase plan comes amid investor concerns over its flagship memory-chip business, which is missing out on the artificial intelligence boom.

Business - The Wall Street Journal - November 15

The big-money battle to host an F1 race is heating up

To continue growing, F1 will need to tread a narrow line between the sport's new audience and its core motor racing fans.

Business - CNBC - November 11

Billions at stake in court battle over North Sea oil

Lawyers and campaigners have made their arguments before Lord Ericht in Edinburgh this week.

Chevron beats earnings expectations, returns more than $7 billion to shareholders

Chevron's stock is largely flat for the year, underperforming the S&P 500 energy sector which has gained more than 6%.

Business - CNBC - November 1

Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels

The new venture will house channels like E!, USA and MSNBC, and Comcast also announced several leadership changes.

Business - The Wall Street Journal - 3 days ago

Samsung shares climb more than 7% after surprise $7 billion buyback plan

The company last bought back shares in November 2017.

Business - CNBC - 5 days ago

Fourteen dead in Serbia railway station canopy collapse

The outdoor canopy fell on people sitting on benches below in Serbia's second city Novi Sad.

Activists, professors, legislators: who are the Hong Kong 47?

The group are at the centre of Hong Kong’s biggest national security trial and have been handed sentences of up to 10 years. HK47: dozens of pro-democracy activists jailed in Hong Kong’s largest ...

World - The Guardian - 4 days ago

Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.

Top stories - The New York Times - November 1

LinkedIn’s Hostile Takeover of the Tech Job Market

LinkedIn is going all-in on AI for recruiters and job seekers.

Business - Inc. - November 5

Chelsea duo praise Bompastor's smooth takeover

Chelsea duo Erin Cuthbert and Zecira Musovic praised new manager Sonia Bompastor following their unbeaten start to the season and the smooth transition to her leadership.

Sports - ESPN - November 6

Verizon's Takeover of Frontier Communications Wins Shareholder Support

The $9.6 billion deal would expand Verizon’s fiber network to a size that would rival major competitors such as AT&T and Comcast.

Business - The Wall Street Journal - November 13

Scammers called the IRS and stole $47 million in refunds, watchdog says

Phony tax professionals made a real score when they called IRS phone lines to access sensitive taxpayer information, filed fraudulent tax returns and walked away with tens of millions of dollars in ...

Business - MarketWatch - October 26

POTUS 47 must prioritize rebuilding trust in the US health system

Unless he or she can rebuild trust and regain public confidence in our nation’s health system, POTUS 47 will face significant challenges addressing them.

Politics - The Hill - November 2

Vikings' Jordan Addison outruns Titans defense for 47-yard TD

Sam Darnold hit the Minnesota wide receiver in stride as he raced to the end zone against the Tennessee Titans.

Sports - ESPN - 5 days ago

Who are the activists jailed in Hong Kong's largest national security trial?

They include prominent campaigners, former lawmakers and ordinary citizens who joined the pro-democracy movement.

The corporate takeover of ‘craft beer’ leaves a nasty taste in the mouth | Katie Mather

Giant multinationals are swallowing up independent breweries yet keeping the subversive, sock-it-to-the-man branding. Do they think drinkers are daft?. When I first began working in the beer ...

World - The Guardian - October 25

Elon Musk’s Twitter Takeover Set Off a Race to the Bottom

Social media companies that once at least tried to promote a healthy information ecosystem have largely given up—and insiders say Musk’s example gave them cover.

Tech - Wired - November 5

Jos Buttler returns for England ‘excited’ by McCullum’s white-ball takeover

Captain admits fearing sack after T20 World Cup flop McCullum says main job is lifting ‘miserable’ Buttler Jos Buttler feared he could be sacked as England captain after their T20 World Cup exit ...

World - The Guardian - November 8

X sees largest user exodus since Musk takeover

Users are exploring alternatives like Bluesky and Threads.

How the states can protect public health from the federal fringe takeover

No matter where we live, we should ask what our state doing to protect our families against rancorous false cries against basic public health protections.

Politics - The Hill - November 14

Rourke throws 4 TDs, No. 13 Hoosiers beat Spartans 47-10 for first 9-0 start in program history

Kurtis Rourke threw for 263 yards and four touchdowns, including two to Elijah Sarratt, and Amare Ferrell had two interceptions to lead No. 13 Indiana to a 47-10 victory over Michigan State and its ...

Sports - ABC News - November 2

The French crypto whale looks to have made $47 million from his Trump bets

The French national who ran four interrelated accounts on the crypto betting site Polymarket has profited handsomely from his bets on former President Donald Trump.

Business - MarketWatch - November 6

Sunday Night Football prediction, odds, line, spread: Lions vs. Texans picks by Detroit expert on 65-47 roll

R.J. White, on a 64-47-2 run on Detroit Lions picks, has revealed his Sunday Night Football expert picks for the Detroit Lions vs. Houston Texans matchup

Sports - CBS Sports - November 11

Diver finds gold ring lost in ocean 47 years ago, surprises its owner

In 1977, Morgan Perigo's gold college graduation ring was lost to the ocean in Barbados. He just got it back.

Tencent posts better-than-expected 47% profit surge as games, AI tools shine

Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts' expectations, while revenue missed slightly.

Business - CNBC - November 13

Trump and Harris Battle for Pennsylvania

Also, remembering Quincy Jones. Here’s the latest at the end of Monday.

Top stories - The New York Times - November 4

California firefighters battle blaze

Firefighters in southern California are making progress against a wildfire that has destroyed more than 200 homes. The Mountain Fire started burning Wednesday morning and has charred more than ...

GOP senators brush off concerns about Thune’s relationship with Trump

The new Senate majority leader has been critical of the president-elect, but even conservative senators expressed confidence that he would work well with Trump.

Politics - Politico - November 13

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