Toshiba plans to split into three firms, rejects calls to go private - NewsBreak

Home > Business
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...

toshiba-plans-to-split-into-three-firms-rejects-calls-to-go-private-newsbreak