Corporate Japan Is on Foreign Buying Spree. Toshiba Shows Pitfalls.

2017-03-15 4

Corporate Japan Is on Foreign Buying Spree. Toshiba Shows Pitfalls.
Mr. Sayama said that Shareholders ask executives why they’re holding on to so much cash, and they say they’re thinking about M&A deals,
Satoshi Tsunakawa, Toshiba’s president, said at a news conference last month
that Toshiba had approved the acquisition in the hope that, by taking direct control of Stone & Webster, Westinghouse could reduce cost overruns.
Atsutoshi Nishida said that I want to make this an example of a successful foreign acquisition,
By JONATHAN SOBLEMARCH 14, 2017
TOKYO — Toshiba of Japan had big dreams for global expansion when it bought the American nuclear company Westinghouse 11 years ago.
Overseas acquisitions have doubled in value over the past three years, as declining business prospects at home propel previously
inward-looking companies into foreign markets, where more famous names like Toyota and Honda have already made their mark.
Hideaki Miyajima said that There’s a sense that they have no other choice, that the only way to grow is though foreign acquisitions,

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