Toshiba turmoil update

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Toshiba turmoil update

Nikkei Asian News is reporting that the acquisition of Toshiba by JIP is delayed

Apparently Japanese banks may not decide on loans to JIP until mid-December
Current buyout proposal puts Toshiba’s value at 2.2 trillion yen
Are assessing whether the loans will be redeemed on schedule
NHK News is reporting that Toshiba has been told by the banks to sell some of its businesses and assets as a precondition for loans

12/6/229:47 PM

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Toshiba turmoil update

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