On Friday, U.S. hedge fund Farallon Capital Management stated it has asked Toshiba Corp to convene an Extraordinary General Meeting (EGM) over its investment strategy. This is the second such call for an EGM in a week by major Toshiba… Read More ›
Toshiba
Hedge fund King Street Capital Management seeks to shakeup Toshiba’s board
The development assumes significance since it marks the first signs of dissatisfaction among foreign funds which had bought into Toshiba in 2017. On Friday, the Wall Street Journal has reported citing sources familiar with the matter at hand, King Street… Read More ›
SEC completes investigation into Toshiba’s past accounting practices, no fines levied
This brings a closure to Toshiba’s 2015 accounting scandal. On Monday, is what is likely to be a huge sign of relief for Japan’s Toshiba Corp, the conglomerate disclosed that the U.S Securities and Exchange Commission (SEC) had completed its… Read More ›
Toshiba to buyback shares worth at least $6.3 billion
The move is aimed at keeping its earlier promise to shareholders that it would reward them. On Wednesday, Toshiba Corp stated, it would buyback its shares worth at least $6.3 billion (700 billion yen). Toshiba’s move comes in the wake… Read More ›
Bain Capital aims to raise $4 billion with new Asia-focussed fund
Going by disclosures made by one of Bain Capital’s partners – the Pennsylvania Public School Employees’ Retirement System – by the end of 2016, Bain Capital’s second pan-Asia fund which raised $2.3 billion in 2012, reported an internal rate of… Read More ›
Japan’s Securities and Exchange Surveillance Commission probing Toshiba latest earnings report
Toshiba’s auditor PriceWaterhouseCoopers Aarata LLC has qualified its latest earnings report. On Thursday, a source with direct knowledge of the matter has divulged that Japan’s securities watchdog is investigating Toshiba Corp’s latest earnings statements to see whether it has properly… Read More ›
Toshiba awaiting letters of commitments from the Bain Capital led consortium before formalizing the sale of its NAND chip business to it
Despite the development, there is a level of uncertainty caused by legal measures taken by Western Digital Corp, Toshiba’s joint venture partner in its chip business. On Thursday Japan’s embattled Toshiba Corp is expected to formalize the sale of its… Read More ›
Bain Capital will honor all contractual terms of Toshiba’s JV with Western Digital
This commitment is likely to significantly increase its chances of bagging the deal. The likelihood of Bain Capital bagging the rights to purchase Toshiba NAND memory chip business got better when it confirmed that it would honor “all the contractual… Read More ›
Greenlight Capital’s position in Toshiba drive up its stock price
As per the U.S. hedge fund, Toshiba’s shares have the potential to touch 400 yen once it manages to overcome its legal battle with Western Digital Corp. In a significant development, U.S. hedge fund Greenlight Capital has disclosed, it has… Read More ›
Samsung to sink in $18.6 billion to maintain its lead in memory chip and next gen display business
With demand exceeding supply, chipmakers are expected to report record profits this year. On Tuesday, Samsung Electronics Co Ltd disclosed it plans on investing at least $18.63 billion (21.4 trillion won) in South Korea in order to extend its lead… Read More ›
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