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Benzinga
Benzinga
Business
Shivani Kumaresan

Toshiba Gets Privatization Proposals - Guess How Many Are Interested

Toshiba NYSE KKR Apollo Global Management Bain Capital .Blackstone Inc. Brookfield Asset Management Inc CVC Capital Partners PVH Toshiba Corp
  • 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
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