ValueAct Capital Activist Presentation Deck
Distant: Holdings Does Not "Own" Subsidiary Actions
US antitrust regulators at FTC alleged the $21 billion Speedway acquisition closed "illegally." Instead of
taking ownership at the parent company and standing behind the subsidiary's significant decision, Seven &
i deflected blame onto a subsidiary President just months after paying him a $24 million cash bonus
7-Eleven, Inc announces
Speedway acquisition close
Press Release
May 14, 2021
7-Eleven, Inc Completes
Acquisition of 3,800
Speedway Stores
FTC calls the acquisition
"illegal"
Press Release
May 14, 2021
Statement from FTC Acting
Chairwoman Slaughter and
Commissioner Chopra on
7-Eleven/Speedway Merger
"Parties move forward with
illegal transaction"
Sources: 7-Eleven, Inc press release, Federal Trade Commission press release, Seven & i Holdings press release
Seven & i deflects
responsibility onto SEI
Press Release
May 17, 2021
Regarding Media Reports
"We were reported by our
subsidiary, 7-Eleven, Inc. (Head
Office: President and CEO
Texas,
U.S.A.) that the acquisition was
legitimately closed on May 14,
2021... for details, please refer to
the public statement issued by 7-
Eleven, Inc."
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