Reuters reveals ValueAct calls for Seven & i to spin off 7-Eleven retail chain – Reuters News Agency

Business & Finance

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.

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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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