The statement last week read like a possible change of direction for Toshiba Corp., sending its shares higher.
The conglomerate will set up a special committee that will, among other things, "identify the privatization offer that is best for our diverse stakeholders,” it said.
Toshiba will also halt its plan to split into two companies, temporarily suspend the sale of noncore operations and create a new business roadmap to be announced before its shareholders meeting in June.