Toshiba board gains two directors from activist funds in historic shift
Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion expected to add momentum to its exploration of potential buyout deals.
Proxy advisers ISS, Glass Lewis back all Toshiba director nominees
Two influential proxy advisers have both recommended voting for the appointment of all Toshiba Corp (6502.T) director nominees including two from activist shareholders, despite objection to the move from within the board.
Is Toshiba experiencing investor jitters?
Taro Shimada, Toshiba’s new CEO, will be having a glimpse of how his disgruntled shareholders must’ve been feeling. The Japanese company, which recently changed CEOs amid a contentious restructuring, wants memory-chip maker Kioxia and controlling owner Bain Capital to relaunch preparations for an initial public offering, however, it currently has a 41 % stake. At […]
Toshiba walked away from potential buyout talks and Brookfield offer -sources
Japan’s Toshiba Corp (6502.T) walked away from potential private equity buyout offers at a substantial premium, as well as advanced talks for a minority stake from Canada’s Brookfield, according to three people familiar with the matter.
EXCLUSIVE Major Toshiba shareholder objects to break-up, urges board to solicit offers
Toshiba Corp’s (6502.T) second-largest shareholder on Wednesday objected to the Japanese conglomerate’s plan to split itself into three companies and called on it to instead solicit offers from potential buyers.
Toshiba set to announce split into three firms, shareholder reaction in focus
Japanese industrial conglomerate Toshiba Corp (6502.T) 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.
Toshiba CEO Tsunakawa named interim chairman after investors oust Nagayama
TOKYO, June 25 (Reuters) – Toshiba’s (6502.T) board appointed CEO Satoshi Tsunakawa as interim chairman on Friday after investors voted to oust his predecessor in a stunning rebuke for its collusion with the Japanese government against shareholders. Tsunakawa’s appointment came after shareholders delivered a clear message to management by voting out Osamu Nagayama as chairman and another […]
Bain Capital considering bid to take Toshiba private -sources
Bain Capital is looking at formulating a bid to acquire Toshiba Corp (6502.T), two people familiar with the matter said, making it one of several firms said to be interested in taking the Japanese conglomerate private. The U.S. firm has entered into discussions with Japanese banks including the core units of Mizuho Financial Group Inc (8411.T) and Sumitomo […]
Toshiba chairman issues cautious statement on CVC’s take-private offer
TOKYO (Reuters) -The chairman of Toshiba Corp’s board on Friday issued a statement on CVC Capital Partners’ recent offer to take the company private, saying it was unsolicited and that a deal would require various antitrust approvals and financing. “This initial proposal by CVC was completely unsolicited and not initiated by Toshiba,” board chairman Osamu […]
