Toshiba set to announce split into three firms, shareholder reaction in focus

Toshiba set to announce split into three firms, shareholder reaction in focus

Information about Toshiba set to announce split into three firms, shareholder reaction in focus

Kevin David Scam or Legit


By Makiko Yamazaki
TOKYO (Reuters) – Japanese industrial conglomerate Toshiba Corp is set to outline plans on Friday to break up into three listed companies that will focus on infrastructure, devices and memory chips, sources with knowledge of the matter said.
The plan – borne of a strategic review undertaken after a highly damaging corporate governance scandal – is aimed at improving shareholder value and encouraging activist shareholders to exit, they said.
The review calls for its nuclear power and infrastructure-related divisions to be housed under one company while its power chips and hard disk drive divisions would form the backbone of another, said the sources who were not authorised to speak to media and declined to be identified.
The third company will own Toshiba’s 40.6% stake in unlisted memory …

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