Exclusive-Major Toshiba shareholder objects to break-up, urges board to solicit offers

Published by
Reuters

By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp’s second-largest shareholder on Wednesday objected to the Japanese conglomerate’s plan to split itself into three companies and called on it to instead solicit offers from potential buyers. Hedge fund 3D Investment Partners, which owns more than 7% of Toshiba, laid out its objections in a three-page letter to the company’s board, becoming the first major shareholder to formally oppose the break-up plan https://www.reuters.com/technology/toshiba-set-announce-split-into-three-firms-shareholder-reaction-focus-2021-11-12 outlined this month. The let…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *