{"id":449913,"date":"2021-11-16T08:30:46","date_gmt":"2021-11-16T03:00:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=449913"},"modified":"2021-11-16T10:04:24","modified_gmt":"2021-11-16T04:34:24","slug":"toshiba-says-it-plans-to-split-into-3-firms-rejects-calls-to-go-private","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/toshiba-says-it-plans-to-split-into-3-firms-rejects-calls-to-go-private\/","title":{"rendered":"Toshiba says it plans to split into 3 firms, rejects calls to go private"},"content":{"rendered":"<p>Japanese industrial conglomerate Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two core businesses &#8211; its energy and infrastructure business as well as its device and storage business.<\/p>\n<p>After spinning off the two companies, Toshiba will continue to own its 40.6% stake in memory chipmaker Kioxia as well as other assets. <\/p>\n<p>The plan &#8211; borne of a five-month strategic review undertaken after a highly damaging corporate governance scandal &#8211; is partly aimed at encouraging activist shareholders to exit, sources with knowledge of the matter have said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese industrial conglomerate Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two core businesses &#8211; its energy and infrastructure business as well as its device and storage business. After spinning off the two companies, Toshiba will continue to own its 40.6% stake in memory chipmaker Kioxia as well as other assets. The plan &#8211; borne of a five-month strategic review undertaken after a highly damaging corporate governance scandal &#8211; is partly aimed at encouraging activist shareholders to exit, sources with knowledge of the matter have said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-449913","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=449913"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449913\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=449913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=449913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=449913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}