Seven & i Holdings to oppose board proposal by activist investor

Seven & i Holdings to oppose board proposal by activist investor

FILE PHOTO: The signboards of a 7-Eleven store, operated by Seven & i Holdings, are partially switched off to take power-saving measures as Japanese government issues warning over possible power crunch due to heatwave in Tokyo, Japan June 29, 2022. REUTERS/Issei Kato

Japanese retailer Seven & i Holdings Co said on Tuesday it will oppose a board proposal by activist investor ValueAct Capital.