Reuters reveals Major Toshiba shareholder objects to break-up, urges board to solicit offers - Reuters News Agency
Business & FinanceDeals

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

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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