Why 7-Eleven Is Selling 200 Stores
By
Lauren Dubois
on June 27 2021 7:17 AM
A 7-Eleven employee is seen inside the store in Kuala Lumpur May 8, 2014. Malaysia's biggest convenience store operator, 7-Eleven Malaysia Holdings Bhd , is seeking to raise up to $226 million in its initial public offering, a term sheet of the deal showed.The company, controlled by Malaysian billionaire Vincent Tan, set an indicative price range of 1.33 ringgit to 1.38 ringgit per share. The top end of the range values the company at a forward price-to-earnings ratio of 19.5 times.
Reuters/Samsul Said
7-Eleven may be synonymous around the United States for its convenience stores and Slurpees, but the chain’s recent acquisition of a rival may have violated Federal Trade Commission laws, forcing them to sell off some of their new outlets.