TOSBF - Toshiba to split into two companies focused on infrastructure devices

Toshiba (OTCPK:TOSBF) announced on Monday that instead of splitting into three companies, it would split into two companies, one focused on infrastructure and the other focused on devices and storage. According to a statement, Toshiba said the decision to split into two companies "reflects the open and robust conversations we have had with shareholders and other relevant parties." In November, it was reported that 3Dinvestment Partners, which has a 7.6% stake in the company, opposed the company splitting into three separate companies, as it believed the proposed breakup was "extremely unlikely" to resolve any of Toshiba's current problems and was "very likely to create three underperforming companies in the image of today's Toshiba." The infrastructure company, known as Infrastructure Service Co., will be made up of Toshiba’s Energy Systems & Solutions, Infrastructure Systems & Solutions, Digital Solutions and Battery businesses, as well as its stake in KHC.  Toshiba said the

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Toshiba to split into two companies, focused on infrastructure, devices