US hege fund ValueAct calls for Seven & i to spin off 7-Eleven retail store chain

US hege fund ValueAct calls for Seven & i to spin off 7-Eleven retail store chain

FILE PHOTO: The logo of Seven & I Holdings is seen at its headquarters in Tokyo, Japan December 6, 2017. REUTERS/Toru Hanai

Hedge fund ValueAct Capital urged Seven & i Holdings shareholders on Thursday to back a spin-off of the company’s 7-Eleven convenience store chain, arguing the move would improve the conglomerate’s valuation and corporate governance.

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