January 22, 2020 / 6:12 AM / 2 months ago

BlackRock built 5% stake in ex-Toshiba unit at centre of takeover battle-filing

TOKYO, Jan 22 (Reuters) - 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. (Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)

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