Toshiba has held an emergency board meeting and called on Goldman Sachs for help as the Japanese technology conglomerate battles with an unprecedented shareholder revolt on two fronts. Toshiba was accused by investors of deploying “dark arts” to survive a knife-edge shareholder vote in July. One egm request calls on Toshiba to fully investigate the way its agm was conducted. The other demands that the company provide investors with a clearer explanation of its merger and acquisition ambitions. Toshiba has said that it has yet to decide on a concrete investment plan at the ¥1 trillion level.

Source: The Irish Times December 29, 2020 16:18 UTC