financetom
Business
financetom
/
Business
/
Update: Market Chatter: KKR, Apollo, Blackstone, Bain Approached by Japan's Seven and I on Possible Takeover
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Market Chatter: KKR, Apollo, Blackstone, Bain Approached by Japan's Seven and I on Possible Takeover
Nov 25, 2024 6:12 AM

08:45 AM EST, 11/25/2024 (MT Newswires) -- (Updates with Bain Capital's response in the last paragraph.)

KKR (KKR), Apollo Global Management ( APO ) , Blackstone Group (BX) and Bain Capital have been approached by Seven and I Holdings on the possibility of participating in the potential takeover of the retail company, Nikkei Asia reported Saturday.

On Wednesday, Seven and I said in a statement that "no decision has been made" yet on reported attempts by the company to raise funds for a takeover.

Bain declined to comment when contacted by MT Newswires while KKR, Apollo, and Blackstone did not immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
J.M. Smucker misses quarterly profit estimates as high coffee prices weigh
J.M. Smucker misses quarterly profit estimates as high coffee prices weigh
Aug 27, 2025
Aug 27 (Reuters) - Folgers coffee maker J.M. Smucker missed Wall Street estimates for first-quarter profit on Wednesday, hurt by a rise in commodity costs as U.S. tariffs weighed. Higher inflation has prompted packaged food companies such as J.M. Smucker and Conagra Brands ( CAG ) to raise product prices in a bid to offset elevated input costs, which have...
J.M. Smucker Fiscal First-Quarter Results Miss Estimates; Raises Full-Year Sales Growth Outlook
J.M. Smucker Fiscal First-Quarter Results Miss Estimates; Raises Full-Year Sales Growth Outlook
Aug 27, 2025
09:15 AM EDT, 08/27/2025 (MT Newswires) -- J.M. Smucker's (SJM) fiscal first-quarter results fell more than Wall Street's expectations year over year, but the food producer lifted its full-year sales growth outlook mainly due to the strength of its coffee portfolio. The Jif peanut butter maker on Wednesday posted adjusted earnings of $1.90 a share for the quarter ended July,...
Morgan Stanley Capital Partners Exits Clarity Investment
Morgan Stanley Capital Partners Exits Clarity Investment
Aug 27, 2025
09:43 AM EDT, 08/27/2025 (MT Newswires) -- Morgan Stanley ( MS ) unit Morgan Stanley Capital Partners' managed investment funds said Wednesday they completed the sale of Clarity Software Solutions to mPulse. Financial terms were not disclosed. Clarity provides communication services for health insurers, dental plans and third-party administrators, according to the statement. Price: 148.70, Change: -0.27, Percent Change: -0.18...
Apple makes radio push amid tough music streaming competition, WSJ reports
Apple makes radio push amid tough music streaming competition, WSJ reports
Aug 27, 2025
Aug 27 (Reuters) - Apple ( AAPL ) will distribute its curated radio stations on a global network of home speakers and connected cars, in a push to extend the reach of its music service, the Wall Street Journal reported on Wednesday. The iPhone maker's six radio stations will be available outside its app for the first time through a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved