SVNDY Seven and I Holdings Company Ltd (PK)

--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 investor.

--ValueAct Capital in the letter said it had become frustrated that its engagement with the Japanese company hadn't led to the adoption of a strategy to grow faster and improve profitability, according to Reuters.

--The letter didn't say how ValueAct will seek to oust the four directors, whom it didn't identify, Reuters reports.

Full story: https://reut.rs/3lAinzx

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

March 23, 2023 22:53 ET (02:53 GMT)

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