Nov 24, 2021 - Economy & Business

For Toshiba, breaking up may be hard to do

illustration of a venn diagram with nuclear sketches and wind power sketches
Illustration: Sarah Grillo/Axios

3D Investment Partners, the second-largest Toshiba shareholder with a 7% stake, is objecting to the Japanese conglomerate's plan to split into three companies, per a letter obtained by Reuters.

Why it matters: This could set up a takeover battle for all of Toshiba, which was the target of a failed $20 billion bid earlier this year from CVC Capital Partners.

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