Reuters announces that ValueAct is demanding that Seven & i spin off retail chain 7-Eleven

corporate finance

Jan 19, 2023 at 9:07 p.m. 1 minute

Reuters was first to report that hedge fund ValueAct Capital had urged Seven & i Holdings shareholders to support a spin-off of the company’s 7-Eleven convenience store chain, arguing that it would harm the conglomerate’s valuation and corporate governance would improve. The US-based investment firm, which owns a 4.4% stake in the Japanese company and has been pushing for changes for at least a year, wrote a letter reviewed by Reuters, urging shareholders to give their views on the matter to the Board of Seven & I

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Topics of interest: corporate finance

Type: Reuters best

Sectors: corporate finance

Regions: North America

Countries: JapanUS

Types of prizes: exclusivity

Story Types: Exclusive / Scoop

Media Types: text

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