Toshiba board agrees to accept JIP's $15.3 bln buyout proposal -Nikkei (updated)

Sumitomo Mitsui Trust

23/03/2023 06:37

(Adds background)
       TOKYO, March 23 (Reuters) - The board of Japan's Toshiba
Corp  6502.T  on Thursday agreed to accept a 2 trillion yen
($15.3 billion) buyout proposal from a consortium led by private
equity firm Japan Industrial Partners (JIP), the Nikkei business
daily reported.
    The JIP consortium last month submitted a binding buyout
proposal backed by $10.6 billion in loan commitments from major
banks. The final buyout proposal would include an equity portion
of about 1 trillion yen.  urn:newsml:reuters.com:*:nL1N34O35H
($1 = 130.7500 yen)

 (Reporting by Makiko Yamazaki; Editing by David Dolan)
 ((Makiko.Yamazaki@thomsonreuters.com; +81-3-4563-2805;))