November 12 - 12:11
21D
Toshiba to split into three companies
Toshiba has revealed its plans to split into three independent companies responding to pressure from activist shareholders. Its energy and infrastructure divisions will be housed in one company, its device and storage businesses will form a second one and the final one will manage Toshiba's stake in Kioxia Holdings and other assets. The company is following a similar path to General Electric.
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