 "toshiba")
Japan's Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two core businesses - its energy and infrastructure business as well as its device and storage business.
After spinning off the two companies, Toshiba will continue to own its 40.6% stake in memory chipmaker Kioxia as well as other assets.
The plan--borne of a five-month strategic review undertaken after a highly damaging corporate governance scandal--is partly aimed at encouraging activist shareholders to exit, sources with knowledge of the matter have said.
Toshiba said in its statement on Friday that the plan was aimed at enhancing shareholder
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