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Major Toshiba shareholder objects to break-up plan

3D is first major shareholder to formally oppose break-up plan outlined this month

Japan , Brookfield , Cork , Ireland , Singapore , Japanese , Kanya-hasegawa , Toshiba-corp , Kioxia-holdings , Goldman-sachs , Reuters , Navex-inc

Major Toshiba shareholder objects to split, urges board to solicit offers

Toshiba plans to complete the overhaul by March 2024.

Japan , Singapore , Japanese , Kanya-hasegawa , Toshiba-corp , Kioxia-holdings , Goldman-sachs , Reuters , Navex-inc , Toshiba , Daiwabo-holdings-co-ltd , Fuji-soft-inc

Exclusive-Major Toshiba shareholder objects to break-up, urges board to solicit offers

Toshiba Corp's second-largest shareholder on Wednesday objected to the Japanese conglomerate's plan to split itself into three companies and called on it to instead solicit offers from potential buyers.

Japan , Tokyo , Singapore , Japanese , David-dolan , Christopher-cushing , Makiko-yamazaki , Kanya-hasegawa , Thomson-reuters-trust-principles , Toshiba-corp , Kioxia-holdings , Goldman-sachs