Toshiba shrinks its shortlist of suitors but warns a deal won't happen soon
Toshiba announced on Tuesday it has settled on a shortlist of potential buyers, with local reports suggesting its list of suitors includes Bain, Japan Industrial Partners, Brookfield Asset Management and CVC Capital Partners.
"After a comprehensive review of those proposals including a thorough engagement with potential partners, the board of directors today selected multiple potential partners to be invited to the second bid process,"The scandal-plagued Japanese giant said some proposals it considered wish to pursue privatization, while others advocate the company remain listed and establish strategic capital and business alliances.
Regulatory scrutiny is expected to be significant, as Toshiba retains some business in nuclear power – a segment subject to Japan's Foreign Exchange and Foreign Trade Act.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meggitt’s US suitor agrees deal with UK ministers to let £6.3bn takeover proceed\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Read more »
Roll up: it’s the 2022 RIBA Stirling Prize shortlistOne of architecture\u2019s highest accolades, the prestigious RIBA Stirling Prize, is an eagerly awaited moment in the industry\u2019s collective calendar; and the shortlisted buildings for the\u00a02022 RIBA Stirling Prize have\u00a0just been revealed, working up our anticipation for the big winner announcement later this year.\u00a0\nFrom a net-zero redevelopment of...
Read more »
Best song from an animated movie to be chosen in BBC Radio Two voteSome surprising contenders in the shortlist! 🎵
Read more »
Grounded is getting an animated TV seriesShrunken survival adventure Grounded is the next game to get a TV adaptation, with an animated series in the works.
Read more »
Torquing Point: Josh Revell joins us for mid-season awards'Charles Leclerc is a flawed magician!' joshrevellyt joins us to discuss those on the shortlist for driver of the season so far. F1 Full ep 👉
Read more »