Wed, Jul. 22, 2:24 AM
- Just hours after it announced plans for the divestiture, Toshiba (OTCPK:TOSYY) completed the sale of a 4.6% stake in Finnish elevator maker Kone Oyj (OTCPK:KNYJY) for €864.7M ($945.6M),
- The company had been unable to close its books over the past year due to accounting irregularities, which prompted its chief executive and a string of other senior officials to resign yesterday.
Oct. 10, 2012, 3:25 AMToshiba agrees to acquire Shaw's (SHAW) 20% stake in nuclear power-plant company Westinghouse Electric for Y125B ($1.6B), thereby lifting the Japanese conglomerate's holding to 87%. Toshiba has also received interest from new potential partners about buying a stake in Westinghouse, although Toshiba wants to maintain a majority holding. (PR) | Oct. 10, 2012, 3:25 AM | 1 Comment
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