Seven & i Buyout Talks Stall Over Management Control

Negotiations within the consortium proposing a ¥9 trillion ($60 billion) management buyout of Seven & i Holdings Co. have stalled over disagreements on who will control the 7-Eleven operator after it’s taken private, people familiar with the matter said.

The founding Ito family and Itochu Corp. have yet to reach consensus on the composition of the board of the post-buyout entity, said the people, who asked not to be identified because the information isn’t public. The Nikkei newspaper reported that Itochu was set to pull out of the deal.