Toshiba says it received multiple in-depth proposals in 2nd round
FILE PHOTO: The logo of Toshiba Corp. is displayed atop of the company's facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei Kato
TOKYO (Reuters) -Toshiba Corp said on Friday it had received multiple in-depth written indications of interest from potential partners in a second bidding round for strategic alternatives.
The written indications of interest included some that were legally binding and they varied in their degree of completeness, the Japanese conglomerate said in a statement.
Toshiba would engage with the bidders "over the coming months" but did not anticipate providing any further official updates on the bidding process, it said.
Toshiba, which is exploring going private and other options, in July selected Bain Capital, CVC Capital Partners, Brookfield Asset Management and a consortium involving Japan Industrial Partners (JIP) and state-backed Japan Investment Corp to proceed to a second bidding round.
JIP has since contacted multiple Japanese firms including Chubu Electric Power Co, while Japan Investment Corp is reported to be in talks with Bain to form a separate consortium.
(Reporting by Kantaro Komiya and Makiko Yamazaki; Editing by Robert Birsel)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IFF reports Q2 2026 results, plans $2.5B share repurchase program
- Typhoon Dolphin hits Japan's Okinawa, China shuts ports ahead of landfall
- Bodies spotted at site where five climbers went missing last year
Create E-mail Alert Related Categories
ReutersRelated Entities
Bain Capital, CVC Capital PartnersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share