Seven & i Holdings Mulls More Direct Dialogue With Shareholders After ValueAct Calls for Review
February 03 2022 - 3:13AM
Dow Jones News
By Megumi Fujikawa
Seven & i Holdings Co. said Thursday that it will consider
having more direct dialogue with its shareholders, responding to
ValueAct Capital LP's call for a more aggressive strategic
review.
San Francisco-based ValueAct Capital recently asked Seven &
i Holdings' board to set up a strategic review committee of outside
directors so that it can focus on 7-Eleven convenience-store
operations.
While Seven & i said it will continue to seek sustainable
growth and higher corporate value, it played down the claims made
by ValueAct.
"We understand ValueAct has not expressly presented any
strategic plans that the company believes will contribute to
enhance our corporate value," Seven & i said in a
statement.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
(END) Dow Jones Newswires
February 03, 2022 02:58 ET (07:58 GMT)
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