- Japanese multinational Toshiba Corp (OTC:TOSYY) has received eight proposals for privatization and two to form capital alliances that would make it remain listed.
- The company’s board of directors and a special committee have previously sought proposals for strategic alternatives after the shareholders voted against a proposed restructuring plan.
- The proposals received are not legally binding ones.
- Toshiba said it would evaluate the proposals and call the selected ones for a final process after its annual shareholders meeting on June 28, 2022.
- KKR & Co. Inc (NYSE:KKR), Blackstone Inc (NYSE:BX), Bain Capital, Brookfield Asset Management Inc (NYSE:BAM), MBK Partners, Apollo Global Management, and CVC Capital Partners were considering bids, Reuters reported.
- Price Action: PVH shares closed higher by 0.74% at $71.40 on Wednesday.
- Photo Via Wikimedia Commons
