Search

News

Toshiba receives 8 offers, including proposals to buy out the conglomerate
... of directors candidates, which will be voted on at the AGM and then decide on the buyout offers. The former Chief Executive Officer Satoshi Tsunakawa, who had opposed going private, will step down from the board. Private equity investors, including CVC Capital Partners , Blackstone Inc., and Bain Capital , were considering making a bid, according to Bloomberg News . State-backed investment fund Japan Investment Corp. was mulling an offer, according to Bloomberg last month. Read more: Japan State-Backed ...
Updated: 06/02/2022
Activist Toshiba directors selected to serve as directors
... bids to go private. People familiar with the matter told Bloomberg News that Japan Investment Corp. , a government-backed fund, is considering making an offer. Among the buyout firms that are considering bids are Bain Capital , Blackstone Inc. , CVC Capital Partners and KKR Co., according to Bloomberg. Read more: Japan State-Backed Fund JIC Is Said to Explore Toshiba Bid Toshiba has previously opposed activist shareholder candidates. When Effissimo Capital Management Pte. The shareholders of the company's ...
Updated: 05/26/2022
Toshiba says it has received 10 potential investors
... Despite the challenges, Toshiba 's earnings are growing and on Friday Toshiba said that its annual net profit rose 70 percent on-year, continuing a recovery from the painful lows of the 2010 s. After a shock takeover offer from private equity fund CVC Capital Partners was dropped, Shareholders shunned a plan to split the company into two. Toshiba is holding confidential, non-binding discussions with 10 potential partners who want to suggest strategic alternatives for its future. The company said in a statement ...
Updated: 05/13/2022
KKR and KKR Are Said to Toshiba Deal
... takeover interest, the people said. According to the people, the company plans to bring on JPMorgan Chase Co. and Mizuho Financial Group Inc. to work alongside Nomura Holdings Inc. as it considers strategic alternatives, including a privatization. CVC Capital Partners and Bain Capital are weighing potential offers for Toshiba, according to Bloomberg News . The people said that CVC is talking to several buyout firms and local Japanese funds, including some with state backing, about joining forces. They said ...
Updated: 05/12/2022
KKR and Blackstone Are Eyes Joint Bid for Toshiba
... evaluate takeover interest, the people said. The people believe that the company will bring on JPMorgan Chase Co. and Mizuho Financial Group Inc. to work alongside Nomura Holdings Inc. as it considers strategic alternatives, including a privatization. CVC Capital Partners and Bain Capital have been weighing potential offers for Toshiba, according to Bloomberg News . The people said that CVC is talking to several buyout firms and local Japanese funds about joining forces, as well as some with state backing. A ...
Updated: 05/11/2022
Toshiba's nuclear business a major hurdle for PE buyers
... proposals from potential investors in a drastic change in its position after originally opposing a buyout. The nuclear unit, which is important for Japan's national security, could be the biggest obstacle to any deal. As PE giants like Bain Capital, CVC Capital Partners, and KKR Co. consider bids for the company, one of their biggest challenges is to come up with a plan that wins government approval. They have no easy choices, according to experts. If a foreign fund were to buy Toshiba, it would be subject ...
Updated: 05/02/2022
Reliance Bidders for Walgreens Boots
... Deerfield, Illinois-based at almost $39 billion. Walgreens kicked off the sale of Boots earlier this year. It has attracted interest from private equity firms, including Apollo Global Management Inc. and TDR Capital. It attracted Bain Capital and CVC Capital Partners , who joined forces and were considered early favorites before abandoning their pursuit. One person said that the bidders who remain keen on Boots could consider teaming up. Walgreens is considering a potential initial public offering of Boots ...
Updated: 04/14/2022
Toshiba suspends plan to split into two
... resistance. Some major shareholders claimed that a spin-off would only add to Toshiba 's woes by creating more managerial positions at smaller units rather than improving the firm's governance. Some want a buyout after an offer from private equity fund CVC Capital Partners was abandoned last year. Bain Capital said it is looking into a bid for Toshiba , and the private equity firm has received backing from one key shareholder. There are a lot of obstacles to overcome due to the national security implications of ...
Updated: 04/08/2022
Sort by relevance | Sorted by date