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SVNDY Seven and I Holdings Company Ltd (PK)

12.655
-0.165 (-1.29%)
Last Updated: 19:25:25
Delayed by 15 minutes
Name Symbol Market Type
Seven and I Holdings Company Ltd (PK) USOTC:SVNDY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.165 -1.29% 12.655 12.63 12.68 12.838 12.61 12.79 81,629 19:25:25

Seven & i Holdings Mulls More Direct Dialogue With Shareholders After ValueAct Calls for Review

03/02/2022 8:13am

Dow Jones News


Seven and I (PK) (USOTC:SVNDY)
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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)

Copyright (c) 2022 Dow Jones & Company, Inc.

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