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

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

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06/15/2012 | 10:36am CEST

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.

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