Toshiba says it plans to split into three firms, rejects calls to go private

The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon

TOKYO, Nov 12 (Reuters) – Japanese industrial conglomerate Toshiba Corp (6502.T) outlined plans on Friday to break up into three independent companies by spinning off two core businesses – 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…

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