Toshiba shareholder to stop breakup?
Reuters News Service is reporting that 3D Investment Partners, the second largest shareholder of Toshiba, delivered a 3 page letter which formally opposes the planned breakup of Toshiba into 3 separate companies.
- Believes that the planned breakup was “highly unlikely” to solve any of Toshiba’s problems
- “very likely to create three underperforming companies in the image of Toshiba today”
- Would instead prefer that Toshiba be acquired and become a private company