Toshiba's No. 2 shareholder asks company to openly seek suitors
The Hindu
Toshiba dismissed last week a $20 billion buyout offer from CVC Capital Partners as lacking detail
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Toshiba Corp's second-biggest shareholder called on the Japanese conglomerate to conduct a strategic review and explicitly solicit suitors, criticising the company's comments on wanting to remain listed as deterring potential acquirers. "We call upon the board to openly welcome interest from suitors who could enhance corporate value and ask the board to conduct a formal review of strategic alternatives," 3D Investment Partners said in a letter sent to Toshiba's board on Monday and made public.
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