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

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

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