1. Seven & i Shares Soar 7% After News of ValueAct Stake Build-Up

    Seven & i Shares Soar 7% After News of ValueAct Stake Build-Up

    TOKYO (Reuters) - Seven & i Holdings shares surged more than 7% to a two-year high on Thursday after news it was targeted by activist investor ValueAct Capital, which asked the Japanese owner of the 7-Eleven convenience store chain to restructure itself. ValueAct amassed a $1.53 billion, or 4.4%, stake in Seven & i and wants it to take steps to boost its value, including a potential break-up, Reuters reported. “We refrain from commenting on individual shareholders' matters...

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