Toshiba to restart strategic review that could see it go private

By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp set up a special committee on Thursday to resume a strategic review that could see the Japanese industrial conglomerate go private after shareholders voted down a management-backed restructuring plan last month. The 146-year-old company has been under growing pressure from major shareholders to consider a private equity buyout that would allow them a quick exit with potentially solid returns. The new committee, comprised of Toshiba’s six external directors, will engage with potential investors and sponsors and also “identify the privatisation of…

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