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Toshiba close to being acquired?

Bloomberg News is reporting that Toshiba is planning a special committee meeting next week to discuss buyout offer from JIP

JIP, aka Japanese Industrial Partners, is a government led group which has been working to gather
bank financing
Takeover would value Toshiba at $16.2 billion
December 18th, 2022
Reporting that JIP is close to securing 1.2 trillion yen from Japanese banks needed to close deal
JIP may lower the Toshiba’s valuation from the planned 2.2 trillion yen ($16.09 billion) to levels below 2 trillion yen, the Nikkei Business Daily
Even though JIP has secured funding worth 1 trillion yen in equity from domestic companies and 1.2 trillion yen in loans from major banks, it may cut the valuation in light of a recent deterioration in Toshiba's earnings and the need for post-buyout working capital, the Nikkei said.

12/19/229:18 PM

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