Toshiba Corp. shareholders on Thursday voted down competing proposals — one presented by management and the other backed by activist shareholders, leaving the future direction of the embattled Japanese conglomerate uncertain.
Management's plan to spin off Toshiba's devices unit and the separate call to seek buyout offers both failed to gain the required 50% of the vote.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.