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BlackRock Built 5% Stake in Ex-Toshiba Unit at Centre of Takeover Battle-Filing

Stock Market Quotes and News

BlackRock Inc has built a 5.12% stake in Toshiba Machine , a former Toshiba Corp subsidiary that has been targeted by Japan's most prominent activist investor, according to a regulatory filing by the U.S. asset manager. The revelation by BlackRock on Wednesday came a day after veteran activist investor Yoshiaki Murakami launched an up to $235 million hostile bid for control of the molding company...

Mentions: Takeover Japan stake