Toshiba under pressure from investors
Article published in The Financial Times newspaper
- Stockholders are demanding that Toshiba deliver plan to lift stock’s value to $64 per share
- Largest investors are requesting either a radical restructuring or a private equity dealer
- Toshiba has agreed to complete a strategic review by the end of October
- The three options apparently on the table are:
o Restructure and sell off billions of dollars worth of non-core assets (most likely includes MFP/printer division)
o Secure a bid from a private equity and delist all of Toshiba for as much as $30
billion
o Hybrid version, with a private equity buyer acquiring a stake large enough to give activist shareholders the option of a swift profitable exit