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Seven & i Holdings sees sharp drop in profit amid M&A intrigue

7-Eleven Store with Traditional Japanese Style, Takayama, Japan

lrosebrugh

Seven & i Holdings (OTCPK:SVNDY) trader lower in Tokyo and Tuesday after reporting a significant decline in profits.

Operating profit was down 24% year-over-year to ¥128.4 billion ($812 million) during the three-month period that ended on November 30. The profit tally was down significantly from

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