Toshiba plans to split into three firms, rejects calls to go private - NewsBreak
By Shannon in Business
Updated 2 years ago
TOKYO, Nov 12 (Reuters) - Japan's Toshiba Corp (6502.T) outlined plans on Friday to split into three independent companies, seeking to appease activist shareholders calling for a radical overhaul after years of scandal. The move echoes a shift by fellow industrial conglomerate General Electric (GE.N) and will see Toshiba spin...