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SVNDY Seven and I Holdings Company Ltd (PK)

12.82
-0.13 (-1.00%)
13 Jun 2024 - Closed
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
  -0.13 -1.00% 12.82 12.54 13.09 12.88 12.50 12.50 125,109 21:01:04

ValueAct Seeks to Remove Four Directors of Seven & I, Reuters Reports

24/03/2023 3:08am

Dow Jones News


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

Copyright (c) 2023 Dow Jones & Company, Inc.

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