Toshiba's ambiguity on M&As leads to showdown with key shareholder

US fund wants battered company to present clear plan for reaching its goals

20210224N Toshiba and hands

Reporters raise their hands for a question during a Toshiba news conference.  © Reuters

KEIGO IWAMOTO, Nikkei staff writer

TOKYO -- Is Toshiba planning to go on an acquisition shopping spree backed by almost $10 billion, a possibility raised by a major shareholder? Or is it all a big misunderstanding, as the Japanese engineering company claims? This brewing dispute will be at the center of an extraordinary shareholders meeting scheduled for March 18.

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