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

Shibaura Machine

22/01/2020 05:50

TOKYO, Jan 22 (Reuters) - BlackRock Inc  BLK.N  has built a
5.12% stake in Toshiba Machine  6104.T , a former Toshiba Corp
 6502.T  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.
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 (Reporting by Makiko Yamazaki; Editing by Muralikumar
Anantharaman)
 ((Makiko.Yamazaki@thomsonreuters.com; +81-3-4563-2805;))