Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Bidders Offers Value Toshiba Up To $22B: Reuters

  • Potential buyers for Japanese conglomerate Toshiba Corp (OTC:TOSYY) are mulling offering up to 7,000 yen ($51.41) per share, Reuters reported.
  • The offer price, if realized, will value the company at about $22 billion, representing a 27% premium to Toshiba's share price of 5,501 yen as of Wednesday's close.
  • RelatedToshiba Gets Privatization Proposals - Guess How Many Are Interested
  • KKR & Co. Inc (NYSE:KKR), Baring Private Equity Asia, Blackstone Inc. (NYSE:BX), Bain Capital, Brookfield Asset Management Inc (NYSE:BAM), MBK Partners, Apollo Global Management, and CVC Capital Partners are some of the bidders, according to Reuters.
  • Toshiba has been facing an operational crisis since 2015 when it disclosed accounting malpractice.
  • Price Action: TOSYY shares closed higher by 9.90% at $22.42 on Wednesday.
  • Photo Via Wikimedia Commons
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.