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Stock impact report

Artisan urges Seven&i for takeover bid update by Sept 19 [Yahoo! Finance Canada]

Artisan Partners Asset Management Inc. Class A (APAM) 
Last artisan partners asset management inc. class a earnings: 4/29 04:01 pm Check Earnings Report
US:NYSE Investor Relations: apam.com
By Rocky Swift and Kevin Buckland TOKYO (Reuters) - U.S. fund Artisan Partners Asset Management ramped up pressure on Japan's Seven and i holdings, calling on the board to provide an update on a takeover bid from Canada's Alimetation Couche-Tard (ACT) by Sept. 19. In a letter dated Friday and sent to journalists, Artisan portfolio managers N. David Samra and Benjamin L. Herrick recommended that Seven & i, operator of the 7-Eleven convenience store chain in Japan, seriously consider ACT's offer, and to solicit offers for the company's Japanese subsidiaries "as quickly as possible." "ACT is uniquely positioned to enhance (Seven & i's) corporate value," Samra and Herrick wrote. "Negotiating with ACT is the best tactic to preserve positive stakeholder outcomes in Japan," they said. "It is imperative that the board of directors negotiate with ACT immediately to achieve the best possible outcome for shareholders." Artisan's letter, which was highly critical of Seven & i's track r Show less Read more
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