Toshiba plans to split into two companies instead of three after activist shareholder criticism, sell non-core assets, and keep its infrastructure operations (Bloomberg)

Bloomberg:

Toshiba plans to split into two companies instead of three after activist shareholder criticism, sell non-core assets, and keep its infrastructure operations  —  Toshiba Corp. said it would divide into two companies and sell non-core assets, scrapping an initial three-way split that faced fierce criticism from activist shareholders.