- 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.
- Related: Toshiba 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
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Bidders Offers Value Toshiba Up To $22B: Reuters
Toshiba
NYSE
TOSYY
Apollo Global Management
Bain Capital
Baring Private Equity Asia
.Blackstone Inc.
Brookfield Asset Management Inc
BX
CVC Capital Partners
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
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