Seven & i shares surge 7% after news of ValueAct stake build-up

Seven & i shares surge 7% after news of ValueAct stake build-up

Kyoto, Japan. Photo: Alex Wolfe/Unsplash

Seven & i Holdings shares surged more than 7% to a two-year high on Thursday after news it was targeted by activist investor ValueAct Capital, which asked the Japanese owner of the 7-Eleven convenience store chain to restructure itself.