The founding family of Seven & i is reportedly raising over $50 billion to take the company private.

• On Wednesday, Seven & i shares surged by as much as 10.87% after NHK reported that the company's founding family was planning to take it private by March 2025.
• Alimentation Couche-Tard, a Canadian convenience store operator, has also placed a bid for the designated "core" company to Japan's national security.

On Wednesday, 7-Eleven's shares experienced a nearly 11% increase in value following news that the company's founding family was planning to raise over $50 billion to make the company private this fiscal year.

The founding family will obtain over 8 trillion yen ($51.66 billion) from "three Japanese megabanks and major American financial institutions," as stated in a report by NHK, according to a Google translation.

A special-purpose company will use the funds to execute a tender offer for Seven & i shares, with the aim to finish the plan by March 2025.

If this acquisition is approved, it will be the largest Japanese buyout to date, according to NHK.

In August, the Canadian convenience store operator made an initial offer of $14.86 per share to acquire Seven & i, but it was rejected. In October, ACT reportedly raised its offer by over 22% to $18.19 per share, valuing Seven & i at 7 trillion Japanese yen or about $47 billion. Seven & i stated last month that it would maintain the confidentiality of its current discussions with ACT.

In September, Seven & i was classified as "core" to national security in Japan, despite the company stating that the designation was not linked to the ACT takeover bid, according to a Reuters report.

If a foreign investor plans to acquire a 1% or greater stake in a "core" Japanese company, it must file for a national security review with the Japanese government.