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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.
Hays Daily News
After pausing for winter, construction to finish up the $13.2 million reconstruction of north Vine Street will start in earnest on March 15.
The three remaining roundabouts will take until November to complete, according to city of Hays project manager John Braun.
The work by Smoky Hill Construction of Salina means traffic on various spots of north Vine Street-U.S. Highway 183 will once again be down to one lane in each direction, Braun indicated at a Tuesday morning press conference in City Hall, 1507 Main. That goes for both north and south of the Interstate 70 overpass, for the next eight months, he said.