Seven & I Holdings: To Acquire All Shares In US WFI Group
April 27 2011 - 8:58PM
Dow Jones News
Seven & i Holdings Co. (3382.TO) said Thursday it will
acquire all shares in New York-based WFI Group Inc. to expand its
convenience store operations in North America.
The Japanese retail giant, which runs 7-Eleven convenience
stores in Japan and the U.S., did not disclose the price of the
deal, but said the acquisition of the shares is expected to be
completed in June.
WFI Group is the parent firm of Wilson Farms Inc., which
operates nearly 200 convenience stores in New York.
Seven & i expects the acquisition to have a limited impact
on its earnings for the current fiscal year through February
2012.
-By Kana Inagaki, Dow Jones Newswires; 813-6269-2795;
kana.inagaki@dowjones.com
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