Reuters exclusively reveals offer price bidders are considering for Toshiba; shares jump - Reuters News Agency
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Reuters exclusively reveals offer price bidders are considering for Toshiba; shares jump

Shares in Japanese conglomerate Toshiba rose as much as 6.5% in a flat broader market today after Reuters exclusively reported that bidders for the company were considering offering up to 7,000 yen per share to take the troubled Japanese conglomerate private — valuing the deal at about $22 billion. KKR & Co Inc, Baring Private Equity Asia, Blackstone Inc, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo Global Management and CVC Capital Partners have submitted initial bids for Toshiba, people familiar with the situation told Reuters. If successful, the Toshiba deal would be the largest buyout transaction in Japan since a consortium led by Bain took private the conglomerate’s memory chip unit, Kioxia, for $18 billion in 2018

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: Japan
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
A view shows Toshiba Corp's logo at the fourth International Photovoltaic Power Generation (PV) Expo in Tokyo March 2, 2011. More than 600 companies in the solar energy business from 18 countries are taking part in the March 2-4 expo, which showcases firms and products related to photovoltaic power generation, according to the organiser. REUTERS/Yuriko Nakao (JAPAN - Tags: BUSINESS ENVIRONMENT SCI TECH)
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