ValueAct questions Seven i strategy pushes 7Eleven spinoff MarketScreener

NEW YORK, April 2 (Reuters) – ValueAct Capital is pushing Seven & i Holdings to explain its corporate strategy to shareholders including why it is not spinning off of its 7-Eleven convenience store chain or considering selling the whole company. The investment firm, which owns a 4.4% stake and has been pushing for change since 2020, is ratcheting up pressure before the company’s April 6 earnings call and the annual meeting where it seeks to replace four board members. “We have been unable to establish confidence in the management or governance of Seven & i,” ValueAct wrote in a letter…