Seven & iHD acquisition drama pushes Seven Bank stock to a high - expectations for restructuring and share buyback.
October 18, 2024 11:47 JST (excerpt)
On the 18th, it rose temporarily by 1.7% and continued to rise for the 4th day, showing a strong upward trend for the 3rd consecutive week on a weekly basis.
7＆iHD has a need to sell Seven Bank at a high price-Oriole AM.
On the 18th, Seven Bank stocks continued to rise for the 4th consecutive day in the Tokyo stock market, reaching the highest level in about a year. Fueled by expectations of restructuring plans by the parent company Seven & i Holdings and share buybacks, it is showing a momentum of continuous growth for 3 weeks on a weekly basis.
On the 18th, it temporarily rose by 1.7%, reaching the highest level since October 2, 2023. The rate of increase since mid-August, when 7&iHD received a buyout proposal from a Canadian convenience store giant, is about 17%, making it by far the top performer among the constituent stocks of the TOPIX Banking Industry Index.
On the 18th, it rose temporarily by 1.7% and continued to rise for the 4th day, showing a strong upward trend for the 3rd consecutive week on a weekly basis.
7＆iHD has a need to sell Seven Bank at a high price-Oriole AM.
On the 18th, Seven Bank stocks continued to rise for the 4th consecutive day in the Tokyo stock market, reaching the highest level in about a year. Fueled by expectations of restructuring plans by the parent company Seven & i Holdings and share buybacks, it is showing a momentum of continuous growth for 3 weeks on a weekly basis.
On the 18th, it temporarily rose by 1.7%, reaching the highest level since October 2, 2023. The rate of increase since mid-August, when 7&iHD received a buyout proposal from a Canadian convenience store giant, is about 17%, making it by far the top performer among the constituent stocks of the TOPIX Banking Industry Index.
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