Friday, 24 March, 2023

Toshiba’s new breakup plan faces lower shareholder hurdle

<p>Toshiba told shareholders it now intends to break into two standalone companies, instead of three. Its revised plan might not fully satisfy foreign investors who want more radical restructuring but it offers an easier path for the company to split itself. Under the revised plans, Toshiba and Infrastructure Service will remain as one entity, while Device will be spun out. This will leave Device with Toshiba&#39;s electronic devices and storage solutions business.</p>