Toshiba Inc., a company that symbolized Japan's supremacy. Toshiba delisted, ending its 74-year association with the Tokyo Stock Exchange.
Toshiba
Investors sent Toshiba Corp shares sharply higher on Friday as they bet the Japanese conglomerate could become the target of a bidding war after Bain Capital sounded out shareholders about a possible buyout. The stock jumped 6.7 percent in morning Tokyo trade on expectations that global private equity firms could be lining up to take […]
Toshiba Corp shareholders on Thursday voted down competing proposals – one presented by management and the other backed by activist shareholders, leaving the future direction of the embattled Japanese conglomerate uncertain. Management’s plan to spin off Toshiba’s devices unit and the separate call to seek buyout offers had both failed to gain the required 50 […]
Toshiba Corp said it now aims to break up into two companies instead of three and also unveiled a big boost to planned shareholder returns in an effort to appease angry investors. Its revised plan is still expected, however, to face much pushback from foreign hedge funds, many of whom have been opposed to any […]
Toshiba Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double production of power management semiconductors, aiming to catch up with power chip giants such as Infineon Technologies AG. The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips, which […]