TOKYO—Toshiba executives said Friday that privatization remains an option for the Japanese technology company, as they defended their efforts to choose the right bidder to restore what they called “a strong Toshiba.” Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. The company has not given the nationalities or other details…
Japan’s Toshiba Receives 8 Proposals to Go Private
TOKYO—Toshiba Corp., the troubled Japanese conglomerate exploring strategic options, said it has received eight initial proposals to take it private as well as two proposals for capital alliances that would see it remain listed. The news comes amid recent signs that Toshiba, which has long been at loggerheads with its large activist shareholder base, is…
Toshiba Receives Interest From 10 Potential Investors
TOKYO—Japan’s beleaguered Toshiba Corp. said on May 13 that it has received interest from 10 potential investors after soliciting buyout offers. The conglomerate, long under pressure from activist shareholders, also announced a special dividend worth some $545 million, the second year in a row it has issued such a payout. Toshiba, which has since 2015…
Toshiba Director Looks to Support Buyout, Against Board Opposition
Toshiba Corp. director American Raymond Zage locked horns with the board as he agreed to back a resolution that could lead to a potential buyout, Reuters reports. Zage, a former Goldman Sachs banker and hedge fund manager, looked to back the resolution at next week’s extraordinary shareholder meeting. Zage believed he was one of the top…
Japan’s Toshiba CEO Steps Down Amid Restructuring Efforts
TOKYO—Japanese technology giant Toshiba has named a new chief executive as it seeks shareholder approval for a restructuring plan aimed at restoring its reputation and competitiveness. The company said Tuesday that its board had decided Taro Shimada, an executive officer, and corporate senior vice president, would replace Satoshi Tsunakawa as chief executive. Shimada was an…
Toshiba Says 3D Drops Part of Proposal on Articles of Incorporation
TOKYO—Japan’s Toshiba Corp. said on Tuesday that a major shareholder, 3D Investment Partners, had withdrawn part of its shareholder proposal. Last week, Toshiba said it planned an extraordinary general meeting of shareholders for March 24 to seek initial approval to hive off its devices business.
JPMorgan, Toshiba, Ciena Find New Way to Protect Blockchain With Quantum Network
February 18, 2022
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NEW YORK—A team of quantum computing engineers from JPMorgan Chase & Co., Toshiba Corp. and Ciena Corp. say they have successfully shown that a powerful, newly-developed encryption network can be used to protect communications on the blockchain, according to a paper published Thursday. The group of researchers say it is the first time that a…
Toshiba Splitting Into 2 Standalone Companies Instead of 3 Following ‘Extensive Engagement With Shareholders’
Toshiba Corp. is splitting into two standalone companies, the electronics maker said on Monday, after previously announcing its intention to separate the company into three. The two independent companies, both of which will be publicly traded, will comprise of Toshiba Infrastructure Service, which covers energy, transportation, batteries, and other areas; in addition to Toshiba’s ownership stake in Kioxia…
Toshiba to Increase Power Semiconductor Production Capacity With New Facility
Toshiba Corporation on Friday announced that it will build a new 300-millimeter wafer fabrication facility to increase its power semiconductor production capacity by March 2025. A Toshiba spokesperson said the Japanese industrial conglomerate will invest around 100 billion yen ($873 million) in the new plant, on top of a 25 billion yen ($217 million) investment…
Toshiba Says Has Restarted Some Chip Production at Quake-Hit Plant
TOKYO—Toshiba Corp. on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was halted after a strong earthquake hit the area at the weekend. One of the two production lines at the factory was restarted on Wednesday, Toshiba Electronic Devices & Storage Corp. said in a statement. It…
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