Toshiba sets March date for preliminary vote on break-up plan

toshiba

The logo of Japanese industrial group Toshiba is seen on top of a building at its headquarters in Tokyo on February 7, 2022. PHOTO |  AFP | NMG

TOKYO, Feb 14 (Reuters) - Japan's Toshiba Corp said on Monday it plans to hold an extraordinary general meeting of shareholders on March 24 where it will seek initial approval to hive off its devices business.

The final, legally-binding vote to determine whether to break up the 146-year-old conglomerate won't happen until next year but the meeting next month will be an important gauge of shareholder support for the board's restructuring plan.

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