Toshiba investors fret over lack of clarity surrounding vote on breakup plan

FILE PHOTO: Logos of Toshiba Corp are pictured at a venue of the company's annual general meeting with its shareholders in Tokyo, Japan, June 25, 2021. REUTERS/Kim Kyung-Hoon/File Photo/File Photo

TOKYO (Reuters) - Toshiba Corp is grappling with difficult decisions as it seeks to muster shareholder support for its plan to split into three companies, with some investors concerned it might set a preliminary bar for approval lower than they would like.

The scandal-ridden Japanese conglomerate outlined the breakup plan last month - a scheme that runs counter to calls by some investors for Toshiba to be taken private and one which sources have said was partly designed to encourage activist shareholders to sell their stakes.