Greenlight Capital, the hedge fund firm led by David Einhorn, took a new stake in Japanese conglomerate Toshiba Corp. during the second quarter. The firm said in a note to clients dated Friday that it’s wagering Toshiba shares will rise once it exits money-losing contracts tied to its Westinghouse business, which filed for bankruptcy protection in March. Greenlight also said it believes Toshiba can resolve a legal dispute over a sale of its memory business that was meant to shore up its balance sheet. “We believe investors will refocus on the significant margin ...
Einhorn's Greenlight adds Toshiba stake
The Greenlight hedge funds dropped 4% in the aggregate during the period
Simone Foxman | Bloomberg Last Updated at July 16, 2017 00:36 IST