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

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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