Seven & I Shareholder Says ‘Critical’ to Engage With Couche-Tard
- Artisan Partners has pushed for changes at 7-Eleven owner
- Japanese retailer under pressure to lift share price
This article is for subscribers only.
It will be critical for Seven & i Holdings Co. to negotiate with Alimentation Couche-Tard Inc. “while it still has leverage,” following the Canadian retailer’s proposal to buy the operator of 7-Eleven convenience stores, an investor in the Japanese company said.
“Couche-Tard sees exactly what we see — an undervalued, mismanaged, world-class asset,” Ben Herrick, associate portfolio manager of Artisan Partner International Value’s team, wrote in an email.