News > Japan’s Toshiba announces plan to split into three firms

Japan’s Toshiba announces plan to split into three firms

E-News | 12/11/2021 01:47 PM | Click to read full article

Toshiba’s board has approved a plan to split the storied Japanese conglomerate into three companies, it announced Friday, following tension with shareholders and a controversial takeover offer.

The announcement confirms reports earlier in the week that said management was under pressure from shareholders to maximize the firm’s value by dividing its businesses.

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