Shares of 7-Eleven owner Seven & i surged nearly 11% following a report that the company’s founding family plans to raise over $50 billion to take the company private. The funds will facilitate a tender offer for Seven & i shares, with the buyout targeted for completion by March 2025. If successful, this would mark the largest buyout of a Japanese company to date. Previous offers to acquire Seven & i were rejected, with the company citing gross undervaluation.