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


Business & FinanceDeals

Reuters broke the news that Toshiba Corp’s second-largest shareholder had 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 outlined this month. 

Article Tags

Topics of Interest: Business & FinanceDeals

Type: Reuters Best

Sectors: Business & FinanceEquities

Regions: Asia

Countries: Japan

Media Types: Text

Customer Impact: Important Regional Story



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