Artisan urges Seven&i for takeover bid update by Sept 19
) Asset Management ramped up pressure on Japan's Seven and i holdings, calling on the board to provide an update on a takeover bid from Canada's Alimetation Couche-Tard by Sept. 19.
Artisan's letter, which was highly critical of Seven & i's track record of enhancing corporate value, highlights the pressure on the company from shareholders over the potential deal, which would likely be the biggest-ever overseas buyout of a Japanese firm. Artisan has been a critic of Seven & i's management and structure since 2019, when the letter says it became a shareholder. It said it is an active - not activist - shareholder, which engages with corporate management and boards.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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