TOKYO (Reuters) - BlackRock Inc (N:BLK) has built a 5.12% stake in Toshiba Machine (T:6104), a former Toshiba Corp (T:6502) 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.