Wednesday May 22, 2013

Sony To Assess Spin-Off Plan

Sony's shares are up after the company announced that it would consider evaluating the spin-off plan proposed by its largest shareholder last week.

Sony shares charged to their highest in more than 2 years on Wednesday after the Nikkei newspaper said Sony's board would consider evaluating Loeb's proposal. The stock closed up 5.9 percent at 2,290 yen.

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