Japan chip giant Rohm to invest $722 mln in Toshiba buyout group (updated)

Rohm Co

18/07/2023 07:37

(Updates with planned share underwriting)
       TOKYO, July 18 (Reuters) - Rohm co  6963.T  said on
Tuesday it will invest 100 billion yen  ($722.33 million) in the
group led by Japan Industrial Partners that is launching a
tender offer for Toshiba Corp  6502.T .
    Rohm also plans to underwrite 200 billion yen of non-voting
preferred stock issued by TBJ Holdings which will be set up by
the Japan Industrial Partners for the tender offer of Toshiba.  
 
    "Toshiba's semiconductor business is highly compatible with
the company," Rohm said of its investment, in a statement.    
    
($1 = 138.4400 yen)

 (Reporting by Kantaro Komiya; Editing by Muralikumar
Anantharaman and Kim Coghill)
 ((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))