Toshiba should sell stake in ex-chip unit at IPO, says HK activist fund in letter [Reuters (UK)]
TOSHIBA CORP UNSP/ADR (TOSYY)
NASDAQ:AMEX Investor Relations:
toshiba.co.jp/about/ir/en/finance/index.htm
Company Research
Source: Reuters
Toshiba should sell stake in ex-chip unit at IPO, says HK activist fund in letter - Reuters 3 Min Read TOKYO (Reuters) - A Hong Kong-based activist investor in Toshiba Corp ( 6502.T ) has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory chip firm is listed in an IPO that could raise up to $32 billion, according to a letter reviewed by Reuters. Argyle Street Management Ltd, a hedge fund with over $1.5 billion under management, sent the letter to CEO Nobuaki Kurumatani in late March urging the company to sell its 40% stake and distribute proceeds back to shareholders. The initial public offering of Kioxia, the world’s second-largest flash memory chip maker, could be Japan’s biggest listing this year, sources have said. Market valuation could reach $32 billion, domestic media reports have estimated. However, the coronavirus outbreak has created uncertainty over the timing of the IPO and valuation of the shares, given that the market for
Show less
Read more
Impact Snapshot
Event Time:
TOSYY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TOSYY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TOSYY alerts
High impacting TOSHIBA CORP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
TOSYY
News
- Toshiba ELERA® Security Suite Wins RetailTech A.I. Innovation of the Year Award [Yahoo! Finance]Yahoo! Finance
- Toshiba's SQBM+ Now Available via Strangeworks Pay-As-You-Go Optimization Service [Yahoo! Finance]Yahoo! Finance
- Kioxia Sampling Latest Generation UFS Ver. 4.0 Embedded Flash Memory Devices [Yahoo! Finance]Yahoo! Finance
- Toshiba Celebrates Earth Day Year-Round [Yahoo! Finance]Yahoo! Finance
- Grosvenor launches Net Zero Carbon Pathway to curb carbon emissions across North American property business [Financial Post (Toronto, Ontario, Canada)]Financial Post