Japan's Murakami makes hostile takeover bid for ex-Toshiba unit

Japan's Murakami makes hostile takeover bid for ex-Toshiba unit

FILE PHOTO: The logo of Toshiba Corp is seen behind a traffic signal at its headquarters in Tokyo, Japan January 27, 2017. REUTERS/Toru Hanai/File Photo

A fund backed by Japan’s most prominent activist investor said it will launch on Tuesday an up to $235 million takeover bid for Toshiba Machine Co Ltd, even though the former Toshiba Corp unit has threatened to implement defense measures.