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

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Via Yahoo Finance

TOKYO (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.

(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)

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