More than 10 funds consider making strategic proposals to Toshiba -NHK
Reuters
Published May 12, 2022 07:51PM ET
TOKYO (Reuters) - More than 10 investment funds are considering making strategic proposals, including a potential buyout, to Toshiba (OTC:TOSYY) Corp after the Japanese conglomerate said it would solicit deal offers, national broadcaster NHK reported on Friday.
Those investment funds, which include both Japanese and overseas-based funds, have already signed initial contracts, the report said.
Toshiba, which has been locked in a years-long battle with some of its major shareholders over its direction, said last month it would solicit potential buyout offers, bolstering hopes of a lucrative exit for its hedge fund investors.
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Written By: Reuters
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