Tagged With "Effissimo"

Toshiba Corp. accepted a buyout offer from a Japanese consortium, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history. The Tokyo-based company’s board approved on Thursday a bid of about 2 trillion yen ($15.3 billion) from a group led by domestic private equity firm Japan Industrial Partners Inc., or 4,620 yen per share, it said in a statement. The offer is at about a 9.7% premium to Toshiba’s closing price on Thursday. As the next...

"Seventeen Japanese companies and six domestic financial institutions will participate in the buyout, Toshiba said. Orix Corp., Rohm Co. and Chubu Electric Power Co. are among the firms" Within 12 months these seventeen companies will attempt to get their investments back. Look for non critical core companies to be sold off ASAP.