Change of Plans: Toshiba to Split Into Two Companies Instead of Three
Toshiba has updated its reorganization plans, telling shareholders it will split into two companies instead of three, as it originally planned.
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Toshiba has updated its reorganization plans, telling shareholders it will split into two companies instead of three, as it originally planned.
Embattled Japanese technology giant Toshiba plans to split into two companies, one focused on infrastructure and the other on devices, in its latest effort to placate unhappy shareholders. As part of the proposed plan, Tokyo-based Toshiba Corp. intends to sell its joint venture stake in Toshiba Carrier Corp. to the U.S.-based Carrier Group, for about…
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