ValueAct Capital is pushing Seven & i Holdings to explain its corporate strategy to shareholders including why it is not spinning off of its 7-Eleven convenience store chain or considering. | April 2, 2023
ValueAct Capital informed Seven & i Holdings on Friday it would lobby to remove four directors from the Japanese s convenience store operator s 14-member board, citing a failed corporate. | March 23, 2023
ValueAct Capital told Seven & I Holdings Co. that it will lobby to remove four directors from the Japanese retailer s board, Reuters reports, citing a letter to the company from the activist. | March 23, 2023
Future Retail said on Tuesday it ended a franchise agreement with 7-Eleven Inc to develop and operate the U.S. firm s round-the-clock convenience stores in India, as it could not meet targets for. | October 5, 2021
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TOKYO (Reuters) - Shares of Seven & i Holdings surged to a two-year high on Thursday after Reuters reported activist investor ValueAct Capital took a stake in the Japanese owner of the 7-Eleven chain, signalling a potential shake-up at the retail giant.
ValueAct amassed a 4.4% stake in Seven & i and believes the sum of its parts is worth much more than its current market value, the fund told investors in a letter seen by Reuters.
The hedge fund said the 7-Eleven business could be worth more than double what its parent is currently valued at if the company restructures itself to focus on the convenience stores or if 7-Eleven is spun out.