Reported about 8 hours ago
Artisan Partners, a U.S. investor in Seven & i Holdings, has publicly opposed the Japanese retailer's choice of Stephen Dacus as CEO, urging the board to reconsider a $47 billion takeover offer from Canada's Alimentation Couche-Tard. The letter highlighted concerns over maximizing shareholder value and indicated that Artisan will vote against Dacus and other committee members at the upcoming annual meeting. Seven & i had rejected Couche-Tard's offer, which was substantially above the current share price.
Source: YAHOO