Member access

4-Traders Homepage  >  Shares  >  Tokyo  >  Seven & i Holdings Co., Ltd.    3382   JP3422950000

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Seven & I Holdings : Notice Regarding the Acquisition of Stores from Strasburger Enterprises, Inc.(27KB)

06/15/2012 | 04:36am US/Eastern

To whom it may concern:
June 15, 2012
Company name: Seven & i Holdings Co., Ltd. Representative: Noritoshi Murata,
President and Representative Director
(Code No. 3382/First Section of the Tokyo Stock Exchange)

Notice Regarding the Acquisition of Stores from Strasburger Enterprises, Inc.

7-Eleven, Inc. (headquarters: Texas, U.S.; President and Chief Executive Officer, Joseph M. DePinto), a subsidiary of
Seven & i Holdings Co., Ltd., acquired stores from Strasburger Enterprises, Inc. The details are provided below:

1. Purpose of an agreement

This agreement will contribute to the expansion of store network and higher revenues and profits from convenience store operations in North America.

2. Overview of the stores

(1) Area: Texas, U.S.
(2) Number of sites: 23 convenience stores

3. Overview of Strasburger Enterprises, Inc.

(1)

Name:

Strasburger Enterprises, Inc.

(2)

Representative:

President, H.T. Strasburger

(3)

Location of headquarters:

Texas, US

(4)

Major business activities:

Operations of convenience stores located in Texas

(5)

Number of stores:

Approx. 30 stores of which 7-Eleven, Inc. has purchased 23

4. Schedule of acquisition

Closed date of acquisition : June 11, 2012

5. Outlook

The agreement will have only a minimal effect on the Company's consolidated results for the fiscal year ending
February 28, 2013, but this asset purchase is expected to contribute to profits over the medium to long-term.

distributed by
React to this article
Latest news on SEVEN & I HOLDINGS CO., LT
04/23 NISSEN : The wonder of the Nissen hut shops ; Your say...
04/23 SEVEN & I : Granting Stock Options for Stock-linked Compensation (Share Subscrip..
04/23 SEVEN & I : Monthly business performance has been uploaded.
04/23 SEVEN & I : Monthly business performance has been uploaded.
04/18 NISSEN : I remember Nissen huts
04/10 NISSEN : huts letter sparked memories
04/08 NISSEN : The police never paid at this cafe ; Your say...
04/07 NISSEN : Hut was a register office not a church ; Your say...
04/05 SEVEN & I : Local business owner assists Uganda slums
04/04 NISSEN : 1950s Plymouth: Different era of the tin Nissen huts
Advertisement
Chart
Duration : Period :
Seven & i Holdings Co., Lt Technical Analysis Chart | 3382 | JP3422950000 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF