Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Mario Gabelli says more companies will catch the ‘contagion’ to split up — watch for these 4 potentially lucrative breakups

by
November 25, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Reuters Videos

Big Toshiba shareholder says no to break-up plan

One of Toshiba’s largest shareholders objected to its plan to split into three companies on Wednesday.They instead called on the Japanese conglomerate to seek offers from potential buyers.Hedge fund 3D Investment partners, which owns more than 7 percent of Toshiba, presented its objections in a three-page letter to the company’s board.It’s the first major shareholder to oppose the break-up plan announced earlier his month.Toshiba embarked on a strategic review after a damaging governance scandal.A probe found it had colluded with Japan’s trade ministry to pressure foreign shareholders.It announced plans to house its energy and infrastructure divisions in one company and its hard disk drive and semiconductor business in another.A third will manage the company’s flash-memory chip company and other assets.3D’s letter, seen by Reuters, highlighted unease in Toshiba’s recent weak stock performance and said it may be difficult to win full approval in a shareholder meeting early next year.It added the break-up is unlikely to resolve any of the company’s current problems and is “instead very likely to create three underperforming companies in the image of today’s Toshiba.”Other shareholders told Reuters they were disappointed Toshiba had turned down the idea of going private.A Toshiba spokesperson said it does not comment on individual exchanges with shareholders,and 3D declined to comment.The company has said it plans to complete its overhaul by March 2024.

RELATED POSTS

Bank of England chief tempers talk of a pause or pivot in rate hikes

Bitcoin is overdue for a pause before bullish trend continues, says Wolfe Research

ShareTweetPin

Related Posts

Bank of England chief tempers talk of a pause or pivot in rate hikes

by
February 2, 2023
0

Governor of the Bank of England Andrew Bailey has talked down expectations that the central bank is readying to pause...

Bitcoin is overdue for a pause before bullish trend continues, says Wolfe Research

by
February 2, 2023
0

Bitcoin has rallied more than 40% since the start of the year, quickly paring losses from its disastrous 2022. However,...

Ford is set to report results after the bell. Here’s what Wall Street expects

by
February 2, 2023
0

In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley takes off his mask at the...

Alphabet set to report fourth-quarter results after the close

by
February 2, 2023
0

In this article GOOGLGOOG Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, chief executive officer of Alphabet Inc., speaks during...

Meta shares rocket 25%, on pace for the best day in a decade

by
February 2, 2023
0

In this article META Follow your favorite stocksCREATE FREE ACCOUNT Visitors take photos in front of Meta (Facebook) sign in...

Next Post

Asia-Pacific stocks mixed; Bank of Korea interest rate decision ahead

Goldman Sachs says these 6 energy stocks still have plenty of room to run

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net