U.S. Fund Urges Seven & i to Enter into Takeover Talks
Tokyo, Oct. 17 (Jiji Press)--U.S. investment fund Artisan Partners Asset Management Inc. said Wednesday that it has sent a letter to Seven & i Holdings Co. urging the Japanese retailer to enter into talks on a takeover proposal from Alimentation Couche-Tard Inc.
In the letter, Artisan Partners criticized Seven & i's plans to separate non-convenience store operations as a "tactic designed to impede and drive away a bona fide bid."
(2024/10/17-09:21)
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