More than 10 funds consider making strategic proposals to Toshiba -NHK
13/05/2022 24:48
TOKYO, May 13 (Reuters) - More than 10 investment funds are
considering making strategic proposals, including a potential
buyout, to Toshiba Corp 6502.T after the Japanese conglomerate
said it would solicit deal offers, national broadcaster NHK
reported on Friday.
Those investment funds, which include both Japanese and
overseas-based funds, have already signed initial contracts, the
report said.
Toshiba, which has been locked in a years-long battle with
some of its major shareholders over its direction, said last
month it would solicit potential buyout offers, bolstering hopes
of a lucrative exit for its hedge fund investors. urn:newsml:reuters.com:*:nL2N2WK025
(Reporting by Mariko Katsumura; Editing by Lincoln Feast)
((Mariko.Katsumura@thomsonreuters.com;))