ValueAct Seeks to Remove Four Directors of Seven & I, Reuters Reports
24 Marzo 2023 - 4:08AM
Dow Jones News
--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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