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Toshiba affiliates sing conglomerate over ignoring confidential advertisements

Many of Toshiba’s major shareholders have criticized the Japanese group for failing to negotiate with private buyers, and say they will force the agency to resume negotiations on the company’s total purchase.

The retailers said that although Toshiba said he had not received satisfactory purchase information, he believed that at least two business buyers negotiated prices 25% higher than the company’s ¥ 4,743 ($ 42) per share.

As part of their concerns, shareholders with more than 30 percent of Toshiba’s shares, told the Financial Times, that in the meantime, they are planning to vote against a November offer that could hurt the 140-year-old industry. in three privately selected businesses instead of just wanting to be a businessman.

Several observers have expressed suspicion that those with an additional 15 percent of Toshiba’s shares will follow suit when opinion polls take place early next year.

In addition to the concern that the three-way split rejected financial opportunities consider private advertising, one of the major shareholders said this was not fair given the situation leadership issues shown in many of Toshiba’s troubles in recent years.

“Performing a three-way split without a proper management system management system management system,” said one superintendent of senior management.

The idea for the shares was based on a months-long technical review in which Toshiba’s second-largest shareholder, 3D Investment Partners, said in a letter to the company “it had come to a close quickly in the wrong direction”.

At least two cents among Toshiba’s 20-year-old executives told the Financial Times that they were also considering recent measures, which may include convening an emergency meeting of their shareholders to vote. board cleaning.

“There are still big revelations that we are still waiting for as the company seeks to attract business owners and get real value on the table. If the company does not hear us asking for that, EGM is definitely one way,” said the chief share manager.

The number of shareholders follows a release last month in which a number of investors described FT as a “misleading” statement of a strategic review committee convened to consider the company’s future and plan for the agency.

The committee said in November that even that participated in six law firms – which is rumored to include KKR, Bain, CVC and Blackstone – to discuss secrecy, the estimated value of the acquisition was “not in line with market expectations”.

But many of Toshiba’s major investors said that, after conducting their research, they had good reason to doubt the validity of the SRC policy, which did not represent commercial sales, and its consequences.

In particular, a large group of investors believe that at least two PEs have shown to SRC that purchases could cost Toshiba more than ¥ 6,000 per share – a value of 20 percent of the company’s share price per share. .

Toshiba was not immediately reached for comment. On Friday, a spokesman for Toshiba said the company would “continue to provide honest information to its owners”. The company also explained its position introduction at the SRC, whose opinion realized that the council was “in agreement” with them.

Over the past two weeks, investors have been linked to Makinson Cowell, an outsourced business consultant who conducted a survey on Toshiba’s behalf in July. Advertisers have left the researchers with little doubt about their doubts about the SRC policy.

They also said that, although Toshiba said he was committed to the cause of the show, he cited another reason for concern that the results of Makinson Cowell’s recent investigation would not be shared with investors, a process confirmed by Toshiba’s spokesman.

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