Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Technology
Anusuya Lahiri

Toshiba Bags Interest From 10 Potential Investors: Reuters

Toshiba NYSE KKR TOSYY Bain .Blackstone Inc. Toshiba Corp
  • Toshiba Corp (OTC:TOSYY) bagged interest from 10 potential investors after canvassing buyout offers, Reuters reports.
  • The deadline for submitting non-binding proposals is May 30.
  • Also Read: Toshiba To Weigh Deals To Go Private
  • Long under pressure from activist shareholders, the Japanese conglomerate also announced a special dividend worth $545 million for the second consecutive year.
  • Toshiba, bedeviled by accounting and governance crises since 2015, set up a special committee to explore strategic options, including potential deals to go private after shareholders voted down a management-backed restructuring plan.
  • The report noted U.S. private equity firms Bain, Blackstone Inc. (NYSE:BX), and KKR & Co. Inc. (NYSE:KKR) were considering a bid for Toshiba.
  • Price Action: TOSYY shares closed higher by 1.71% at $20.83 on Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
‘Every night was Halloween’ – how one ‘camera girl’ captured the madcap style of 80s New York
Grace Jones, David Bowie and Debbie Harry feature alongside lesser known dancers in Sharon Smith’s Polaroids of the city’s club scene, where dressing up was your passport into the creative world
The Guardian - UK
The Guardian - UK
Humans will soon be able to mine on the Moon. But should we? 4 questions to consider
By the end of this decade, nations and private companies may well be mining the surface of the Moon.
The Conversation
The Conversation
Garten reflects on Winfrey's "love tap"
Garten reflected on the special moment in her recent memoir, "Be Ready When the Luck Happens"
Salon
Salon
Justin Baldoni to reportedly file counterclaim against Blake Lively
Dispute between It Ends With Us co-stars escalates further with Baldoni’s lawyer claiming lawsuit will ‘shock everyone’
The Guardian - US
The Guardian - US
Jennifer Lopez's Cowgirl 'Fit Proves 2024's Barrel Leg Jeans Trend Isn't Going Anywhere In the New Year
She styled it with another stable staple.
Marie Claire
Marie Claire
“She Had A Nose Job”: Salma Hayek’s 1995 Casting Photo Goes Viral
A Polaroid photo shows Salma years before her breakout role as the famous Mexican painter in "Frida." The post “She Had A Nose Job”: Salma Hayek’s 1995 Casting Photo Goes Viral first appeared on Bored Panda.
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play