- Advertisement -
- Advertisement -
BusinessToshiba shares rise on potential offer to take company...

Toshiba shares rise on potential offer to take company private

-

- Advertisment -

Toshiba Corp. shares
6502,
+3.54%
gained on a report that bidders may offer up to 7,000 yen ($51.38) a share to take the Japanese conglomerate private.

Shares rose as much as 6.5% to 5,858 yen in Thursday morning trade before paring gains to Y5,765. The stock was last up 4.5% at Y5,747.

Reuters reported that the offer price range of up to Y7,000 a share would represent up to a 27% premium to Toshiba’s share price of Y5,501 as of Wednesday’s close.

If the deal is successful, the deal is expected to be Japan’s biggest buyout since 2018, when a consortium led by management consulting firm Bain & Co. acquired the conglomerate’s memory chip unit, Kioxia Holdings Corp., for $18 billion.

Toshiba’s chief executive, Taro Shimada, said earlier this month that he didn’t want any buyers to split up the company.

- Advertisement -

Latest news

What’s guitarist Dave Navarro doing now? Bio: Spouse, Net Worth, Mother

Just a simple reminder that article is created and owned only by biographytribune.com. Article cannot be re-published in any...

Nigerian and four other suspects arrested in connection with the murder of South African politician’s daughter

The four South African suspects A Nigerian national and four other suspects have so far been arrested in...

Kourtney goes to Cleveland! Kardashian joins her husband Travis Barker in Ohio

Kourtney Kardashian has been playing the part of the loving wife as her rock star husband Travis Barker tours the US. On Tuesday...

Hoda Kotb, 58, opens up about ‘healthy’ co-parenting relationship with ex-fiancé Joel Schiffman

Hoda Kotb has opened up about how she and her former fiancé Joel Schiffman are co-parenting their daughters in a...
- Advertisement -

Toms River NJ man killed, wandered into traffic on Route 37

TOMS RIVER - A township man was killed early Tuesday morning after police said he wandered onto Route 37...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you

- Advertisement -