Toshiba acquisition update

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Toshiba acquisition update

Bloomberg News is reporting that top Japanese banks area extending the deadline to issue commitment letters for $10 billion loan to allow Japan Industrial Partners (JIP) to acquire Toshiba

Some of the JIP members are demanding that JIP pay back the preferred stock portion of their investments before repaying bank loans should a takeover happen
The banks of course do not agree with this approach

2/8/239:19 PM

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Toshiba acquisition update

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