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The Latest Breaking News from Toshiba Corp

Toshiba to go private as $13.5 billion buyout offer succeeds

Private equity fund Japan Industrial Partners Inc.’s successful tender offer for Toshiba Corp paves the way for a ¥2 trillion ($13.5 billion) buyout that would end the electronics group’s 74-year-long run as a listed entity.

The Times of India

Toshiba reassures local customers

Toshiba reassures local customers

Toshiba Thailand is telling customers its business will not be affected by Toshiba Corporation's recent acceptance of a buyout offer for about ¥2 trillion (500 billion baht) from a group led by domestic private equity firm Japan Industrial Partners Inc (JIP).

Uncertainty over Toshiba likely to continue due to massive debt

Toshiba Corp. has paved the way for the company to go private after accepting a buyout offer from a domestic consortium led by Japan Industrial Partners Inc., but many challenges lie ahead, as the Japanese conglomerate grapples with growth strategies and uncertainty about whether foreign funds that hold Toshiba stock…

The Japan News/Yomiuri

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Toshiba accepts $15 billion buyout offer from JIP, Nikkei says

TOKYO: Toshiba Corp accepted a $15.3 billion buyout offer from a Japanese consortium, the Nikkei newspaper reported, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history.

The Times of India

Toshiba Shareholders Vote Activist Investors To Board

Toshiba Corp (OTC:TOSBF) (OTC:TOSYY) reported results from the shareholders' meeting, where members from activist hedge funds were elected to the board. Elliott Management's Nabeel Bhanji and Farallon Capital Management's Eijiro Imai were elected as board members, Reuters reported. Akihiro Watanabe, an executive from investment bank Houlihan Lokey, becomes the board chairman. The report added…

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. Related: Toshiba Gets Privatization Proposals -…

Japan Tech Giant Toshiba Studying Going Private as an Option

Toshiba executives said Friday that privatization remains an option for the Japanese technology company, as they defended their efforts to choose the right bidder to restore what they called “a strong Toshiba.” Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. The company has not given…

Asharq Al-Awsat

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Toshiba Gets Privatization Proposals - Guess How Many Are Interested

Toshiba Gets Privatization Proposals - Guess How Many Are Interested

Japanese multinational Toshiba Corp (OTC:TOSYY) has received eight proposals for privatization and two to form capital alliances that would make it remain listed. The company’s board of directors and a special committee have previously sought proposals for strategic alternatives after the shareholders voted against a proposed restructuring plan. The proposals received are not legally…

Toshiba Bags Interest From 10 Potential Investors: Reuters

Toshiba Bags Interest From 10 Potential Investors: Reuters

Toshiba Corp (OTC:TOSYY) bagged interest from 10 potential investors after canvassing buyout offers, Reuters reports. The deadline for submitting non-binding proposals is May 30. Also Read: Toshiba To Weigh Deals To Go Private Long under pressure from activist shareholders, the Japanese conglomerate also announced a special dividend worth $545 million for the second…

Toshiba Shareholders Vote Down Competing Proposals, Spin-Off Plan: Reuters

Toshiba Shareholders Vote Down Competing Proposals, Spin-Off Plan: Reuters

Multinational conglomerate Toshiba Corp's (OTC:TOSYY) shareholders voted down buyout offers, leading to an uncertain future for the company. The company's efforts to seek buyout offers and its plan to spin off Toshiba's devices unit failed to gain the required vote, Reuters reported. The shareholder's rejection has left the company in limbo, with no end in…

Japan's Toshiba shareholders vote down restructuring plan

Japan's Toshiba shareholders vote down restructuring plan

Shareholders of embattled Japanese electronics and energy giant Toshiba Corp. have rejected a major restructuring plan

The Independent UK

Toshiba Director Looks To Support Buyout, Against Board Opposition

Toshiba Director Looks To Support Buyout, Against Board Opposition

Toshiba Corp (OTC:TOSYY) director American Raymond Zage locked horns with the board as he agreed to back a resolution that could lead to a potential buyout, Reuters reports Zage, a former Goldman Sachs banker and hedge fund manager, looked to back the resolution at next week's extraordinary shareholder meeting. Zage believed he…

Toshiba To Invest $1B To Drive Chip Production

Toshiba To Invest $1B To Drive Chip Production

Toshiba Corp (OTC:TOSYY) looks to construct a new 300-millimeter wafer fabrication facility for power semiconductors at its main discrete semiconductor production base, Kaga Toshiba Electronics Corporation, in Ishikawa Prefecture. Toshiba will invest ~125 billion yen ($1.09 billion) to more than double the production of power management semiconductors to match up to the likes…

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