Oil & Gas
Artisan Partners urges Seven & i upgrade on takeover bid by Sept 19
U.S. fund Craftsmen Partners Asset Management ramped up pressure on Japan's Seven and i Holdings, urging the seller's board to offer an update on a takeover quote from Canada's Alimentation CoucheTard by Sept. 19. In a letter dated Friday and sent to reporters, Craftsmen portfolio managers N. David Samra and Benjamin L. Herrick recommended that Seven & & i, operator of the 7-Eleven convenience shop chain, seriously consider ACT's deal and get deals for the company's Japanese subsidiaries as quickly as possible. ACT is uniquely placed to improve (Seven & & i's). business value, Samra and Herrick composed. Negotiating with...