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1 year ago
7
Business & Finance
19 January 2023, 9:07 pm. 1 minute
Reuters was first to report that hedge fund ValueAct Capital urged Seven & i Holdings shareholders to back a spin-off of the company’s 7-Eleven convenience store chain, arguing the move would improve the conglomerate’s valuation and corporate governance. The U.S.-based investment firm, which owns a 4.4% stake in the Japanese company and has been urging it to make changes for at least a year, called on shareholders, in a letter reviewed by Reuters, to express their opinions on the matter to Seven & i’s board.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: North America
Countries: JapanUS
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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