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7-Eleven owner restructures to fight takeover
7-Eleven owner restructures to fight takeover
Economy
by  AFP

The owner of 7-Eleven announced a major restructuring on Thursday as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm. An improved share price would also make a takeover attempt by ACT more expensive for the Canadian firm, while also easing pressure from shareholders pressing management to restructure.