Shareholders in Seven & i Holdings are urging the company to spin off its 7-Eleven convenience store chain and elect new directors to the board as investor frustration with its conglomerate structure intensifies. According to James B. Rosenwald III, Chief Investment Officer at Dalton Investments, “a rational and experienced board of directors would understand their fiduciary duty and spin off the Seven Eleven business to existing shareholders,” and “the market would likely value the new spin off at more than the entire company today.” Read the article here.
