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Benzinga
Benzinga
Business
Shivani Kumaresan

Bidders Offers Value Toshiba Up To $22B: Reuters

Toshiba NYSE TOSYY Apollo Global Management Bain Capital Baring Private Equity Asia .Blackstone Inc. Brookfield Asset Management Inc BX CVC Capital Partners
  • Potential buyers for Japanese conglomerate Toshiba Corp (OTC:TOSYY) are mulling offering up to 7,000 yen ($51.41) per share, Reuters reported.
  • The offer price, if realized, will value the company at about $22 billion, representing a 27% premium to Toshiba's share price of 5,501 yen as of Wednesday's close.
  • Related: Toshiba Gets Privatization Proposals - Guess How Many Are Interested
  • KKR & Co. Inc (NYSE:KKR), Baring Private Equity Asia, Blackstone Inc. (NYSE:BX), Bain Capital, Brookfield Asset Management Inc (NYSE:BAM), MBK Partners, Apollo Global Management, and CVC Capital Partners are some of the bidders, according to Reuters.
  • Toshiba has been facing an operational crisis since 2015 when it disclosed accounting malpractice.
  • Price Action: TOSYY shares closed higher by 9.90% at $22.42 on Wednesday.
  • Photo Via Wikimedia Commons
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