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SVNDY - Seven & i: Completion Of Speedway Deal Clears The Path Toward Longer-Term Upside
Seven & i Holdings Co. Ltd. ADR
Seven & i has finalized the acquisition of Speedway-operated CVS and fuel retail businesses from Marathon Petroleum.
The deal has clear strategic merits, and while it will lead to a bigger debt load, the increased cash generation should help with the repayment capacity.
With pressure remaining from the regulatory overhang and the delay in the medium-term strategy, shares offer investors good value at current valuations.