Seven & i shareholders vote down four board candidates nominated by ValueAct

Seven & i shareholders vote down four board candidates nominated by ValueAct

FILE PHOTO: The logo of Seven & I Holdings is seen at its headquarters in Tokyo, Japan December 6, 2017. REUTERS/Toru Hanai

Shareholders of Japan’s Seven & i Holdings Co Ltd on Thursday voted down all four of the board candidates nominated by ValueAct Capital, dismissing the U.S. investment firm’s attempt to shake up the retail giant’s board.