Toshiba turmoil update

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Toshiba turmoil update

Japan Industrial Partners Inc.(JIP) is considering launching a tender offer for Toshiba Corp. by the end of next March, according to article in the Japan Times newspaper

JIP, which holds preferential negotiating rights, plans to procure necessary funds exceeding 2.2 trillion yen ($15.5 billion) by securing investments from over 10 companies and taking out bank loans.
aims to accelerate reconstruction of Toshiba by acquiring all its shares from activist and other shareholders and taking the company private.
banks involved have not made a clear promise to extend loans for the buyout

11/28/2210:54 PM

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Toshiba turmoil update

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