Page 2 - Toshiba

Japan energy and tech giant Toshiba seeing going private as an option

Toshiba executives on Friday said privatisation remains an option for the Japanese tech company, as they defended their efforts to choose the right bidder to restore what they called a strong Toshiba.

Japan's troubled tech giant Toshiba proposes outside directors to board

Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership on Thursday, ahead of a shareholders' meeting next month. Toshiba Corp. said it seeks to add on the board outside directors, such as Nabeel Bhanji, an executive at Elliott Opportunity II Corp., which handles acquisitions and investments, and Eijiro Imai, a former managing director at Farallon Capital Management, a US investment firm. Also proposed for the board is Akihiro Watanabe, an executive at Houlihan Lockey, a US investment bank. Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. Earlier this year, it tapped Taro Shimada, an executive officer and corporate senior vice president, to replace Satoshi Tsunakawa as chief executive. Shimada was an executive at Siemens, both in Japan and the US, before joining Toshiba in 2018, working in its digital operations. In February, Toshiba proposed splitting into two companies, one focused on infrastructure and

CVC Capital Partners, KKR mulling buyout bids for $18-billion Toshiba

Toshiba's buyout, which has a market capitalisation of almost $18 billion, would possibly be private equity's biggest-ever deal in the country

Toshiba investor 3D urges board to take three critical actions

3D's separate call for a private-equity buyout was rejected last month by just short of 55% of shareholders who voted

Toshiba hope for private equity interest in buying firm, shares jump

Bain has sounded out multiple other Toshiba shareholders about teaming up as it prepares to make a buyout offer.

Toshiba hope for private equity interest in buying firm, shares jump

Bain has sounded out multiple other Toshiba shareholders about teaming up as it prepares to make a buyout offer.

Toshiba hope for private equity interest in buying firm, shares jump

Bain has sounded out multiple other Toshiba shareholders about teaming up as it prepares to make a buyout offer.

Toshiba's top shareholder would sell stake if Bain launches tender offer

The agreement with Singapore-based Effissimo, which owns about 9.9% of Toshiba, could potentially force Toshiba to revive talks for a private equity buyout

Toshiba shareholders vote down spin-off plan & call to seek buyout offers

Toshiba shareholders voted against its plan to spin off the devices unit, but a separate motion backed by activist shareholders that called for the conglomerate to solicit buyout offers also failed

Toshiba's future direction uncertain as it lurches from crisis to crisis

Toshiba shareholders voted down competing proposals - one presented by management and the other backed by activist shareholders, leaving the future direction of the embattled conglomerate uncertain

Toshiba: Norway sovereign wealth fund backs call to solicit buyout offers

The fund voted against the Japanese industrial conglomerate's plan to break itself up by spinning off its devices business, a voting record showed

Toshiba split proposal dealt blow after proxy advisor rejects plan

Activist investor Effissimo Capital Management, which holds a roughly 10 per cent in Toshiba, also spoke out against the plan on Thursday

Toshiba's CEO Satoshi Tsunakawa steps down amid restructuring efforts

Toshiba's Chief Executive Satoshi Tsunakawa is stepping down, as the embattled Japanese technology giant seeks to restructure and restore its reputation.

Toshiba now plans to split into two, hikes shareholder return targets

Under the new restructuring, Toshiba will just split off its device business, including its power chip unit

Japan's tech giant Toshiba plans to split; sell stake in Carrier

Embattled Japanese technology giant Toshiba plans to split into two companies, one focused on infrastructure and the other on devices, in its latest effort to placate unhappy shareholders. As part of the proposed plan, Tokyo-based Toshiba Corp. intends to sell its joint venture stake in Toshiba Carrier Corp. to the U.S.-based Carrier Group, for about 100 billion yen ($877 million). Toshiba is also selling Toshiba Elevator and Building Systems Corp. and Toshiba Lighting & Technology Corp., it said Monday. The proposal is still subject to shareholder and regulatory approval. Toshiba scrapped its earlier proposal for a three-way split, which was not popular with some shareholders. Toshiba once was one of Japan's most revered brands but has been struggling since the Fukushima nuclear disaster in March 2011. A tsunami sent three reactors into meltdowns, spewing radiation over an area that's still partly a no-go zone. Toshiba is involved in the decommissioning effort, which will take ...

Toshiba to sell air-conditioner business, in prelude to restructuring

It will sell 55% of Toshiba Carrier to Carrier Global Corp for around 100 billion yen ($870 million), retaining a 5% stake

Japan's Toshiba to invest $1 billion to double production of power chip

The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips

Toshiba no 2 shareholder urges EGM vote on break-up plan as investors carp

The second-largest investor in Japan's Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan

Toshiba walked away from potential buyout talks and Brookfield offer

Toshiba's decision to not pursue either course and instead focus on a plan to split itself in three, has widened the gulf between the conglomerate and hedge fund investors

Toshiba shareholder objects to break-up, urges board to solicit offers

Hedge fund 3D Investment Partners, which owns more than 7% of Toshiba, laid out its objections in a three-page letter to the company's board