Seven & i Holdings, the parent company of 7-Eleven, is pursuing a $60 billion management buyout that will include an initial public offering (IPO) of its North American assets. This move comes amidst a competitive landscape, as Canadian firm Alimentation Couche-Tard has made an offer to acquire the entire company. The proposed buyout aims to finance the takeover while addressing concerns about the sale of Japanese stores. The IPO will specifically target the North American convenience stores and gasoline stations sector, which is critical for easing financing issues related to the buyout.