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(Update) Seven & i May Have to Revise Speedway Acquisition

(Update) Seven & i May Have to Revise Speedway Acquisition

   Tokyo, May 17 (Jiji Press)--Japanese retail giant Seven & i Holdings Co. <3382> may have to modify its deal to acquire U.S. convenience store chain Speedway LLC, after two U.S. Federal Trade Commission commissioners warned in a statement that the buyout may be illegal.
   Although the statement is not legally binding, the group plans to continue talks with the FTC. It could be required to scale down the buyout deal, depending on the reaction of the U.S. authority.

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AFP-JIJI PRESS NEWS JOURNAL


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