The Latest Breaking News from TOSYY

Toshiba Corp (OTC:TOSBF) (OTC:TOSYY) reported results from the shareholders' meeting, where members from activist hedge funds were elected to the board. Elliott Management's Nabeel Bhanji and Farallon Capital Management's Eijiro Imai were elected as board members, Reuters reported. Akihiro Watanabe, an executive from investment bank Houlihan Lokey, becomes the board chairman. The report added…

Potential buyers for Japanese conglomerate Toshiba Corp (OTC:TOSYY) are mulling offering up to 7,000 yen ($51.41) per share, Reuters reported. The offer price, if realized, will value the company at about $22 billion, representing a 27% premium to Toshiba's share price of 5,501 yen as of Wednesday's close. Related: Toshiba Gets Privatization Proposals -…

Tech stocks have been among the worst affected by the extended market correction, which has fostered primarily by the Federal Reserve’s aggressive interest rate hikes this year. However, the continuing digital transformation, increased adoption of advanced technologies, and corporate and government spending should allow fundamentally sound stocks to rebound soon.…

Toshiba Corp (OTC:TOSYY) bagged interest from 10 potential investors after canvassing buyout offers, Reuters reports. The deadline for submitting non-binding proposals is May 30. Also Read: Toshiba To Weigh Deals To Go Private Long under pressure from activist shareholders, the Japanese conglomerate also announced a special dividend worth $545 million for the second…