• Kyodo, AFP-Jiji

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Toshiba Corp. said Friday it will split into three listed firms that would focus on infrastructure, devices and semiconductors, in a major overhaul of the embattled Japanese conglomerate facing intense pressure from foreign activist shareholders.

The envisaged split-up of the behemoth, with a history spanning over a century, would streamline business operations and appease shareholders disgruntled by lackluster efforts to boost growth and corporate value.

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