1. Loeb’s Third Point Takes Stake in Japan’s Seven & I Holdings

    Loeb’s Third Point Takes Stake in Japan’s Seven & I Holdings

    Activist investor Daniel Loeb’s Third Point LLC said it acquired a stake in Japan’s second-largest grocery and retail group Seven & i Holdings Co. and proposed a spinoff of its supermarket unit...

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    1. The New York-based company its investment in Seven & i, it said in a letter to investors Friday, without disclosing how large of a stake it holds.
    2. Shareholders have suffered from the subsidization of Ito Yokado for so long that Seven & i is emerging as one of the most crucial tests for the success of corporate governance reform in Japan.
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