ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Toshiba in turmoil

Activist funds flock to Toshiba's massive share offering

Desperate move to stave off delisting may create future challenges

Toshiba shareholders seen heading into an extraordinary shareholders meeting last month.

TOKYO -- Toshiba's decision to raise 600 billion yen ($5.33 billion) through a private share placement has sharply improved the odds of the company avoiding a stock delisting. But the Japanese conglomerate may be giving up management freedom in exchange for offering new shares to dozens of foreign hedge funds.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more