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.
ValueAct told investors in a Wednesday letter that the 7-Eleven business could be worth more than double what Seven & i is currently valued at if the parent focuses on the convenience store business, or if the business is spun off, Reuters reported. The fund now reportedly holds a more than 4% stake in Seven & i.
