TOKYO (Reuters) – Seven & i Holdings Co Ltd’s eight independent directors said on Thursday the board will continue to review strategic alternatives, including a spin-off.
The retail giant has been under pressure from ValueAct Capital to spin off its 7-Eleven convenience store chain.
The investment firm, which owns a 4.4% stake and has been pushing for change since 2020, is seeking to replace four board members at the upcoming annual meeting.
(Reporting by Makiko Yamazaki; Editing by Shri Navaratnam)
