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Toshiba Corp’s second-largest shareholder 3D Investment Partners is objecting to the group’s plan to split itself into three companies and wants it to invite offers from potential buyers, according to Reuters. In a letter to the board seen by Reuters, 3D, which owns over 7% of the Japanese conglomerate, said the proposed break-up is “extremely unlikely” to resolve any of Toshiba’s current problems and “is instead very likely to create three underperforming companies in the image of today’s Toshiba”.
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