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Japanese parent of 7-Eleven faces US activist pressure to break up

ValueAct demands restructuring after gaining 4% stake in Seven & i

Seven & i Holdings has earned about 60% of its group operating profit from convenience stores in Japan.

TOKYO -- Seven-Eleven parent Seven & i Holdings faces growing pressure to spin off operations beyond its mainstay convenience store business after U.S. activist investor ValueAct Capital emerged as one of its leading shareholders.

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