In buying Toshiba, a little-known fund takes on Japan Inc’s toughest job
By Anton Bridge and Makiko Yamazaki TOKYO (Reuters) – A little-known private equity firm is set to take on the toughest job in corporate Japan: turning around Toshiba. Japan Industrial Partners (JIP)…
The long-running crisis at Japan’s Toshiba
By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp’s board on Thursday accepted a buyout offer from a group led by private equity firm Japan Industrial Partners (JIP), ending months of speculation over…
Toshiba says aims to reach deal with potential partners soon as possible
TOKYO (Reuters) – Japan’s Toshiba Corp, which is in talks about a buyout, said in a letter to shareholders on Friday that it was aiming to reach a conclusion with potential partners…
State-backed Toshiba suitor boosts buyout fund size to $6 billion-plus
By Takaya Yamaguchi and Makiko Yamazaki TOKYO (Reuters) – Japan Investment Corp (JIC), a potential bidder for Toshiba Corp, has expanded the size of its buyout fund by 4.5 times to 900…
Japan Industrial Partners-led group likely to miss lending deadline for Toshiba buyout -Kyodo
TOKYO (Reuters) -The preferred bidder to buy out Toshiba Corp, a group led by private equity firm Japan Industrial Partners (JIP), is likely to miss the deadline to secure bank loans for…
Orix can invest about $2 billion in Toshiba buyout – Nikkei Business
TOKYO (Reuters) -Orix Corp has decided it could invest about 300 billion yen ($2 billion) in a consortium to buy out Japanese industrial conglomerate Toshiba Corp, the Nikkei Business magazine reported on…
Toshiba India to supply batteries for EVage’s electric vans
BENGALURU (Reuters) – The Indian unit of Japan’s Toshiba will supply its SCiB rechargeable lithium-ion cells for 10,000 electric delivery vans made by Indian start-up EVage, the companies said on Tuesday. This…
Toshiba logs surprise quarterly operating loss on higher materials costs
TOKYO – Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and a sharp rise in costs for raw…
Toshiba selects Bain, CVC, Brookfield, Japan funds for second round – sources
By Makiko Yamazaki and Takaya Yamaguchi TOKYO – Japan’s Toshiba Corp has selected four bidders including private equity firms Bain Capital, CVC Capital Partners and Brookfield Asset Management to proceed to a…
KKR has no plans to lead Toshiba bid, but could join a deal – sources
By Makiko Yamazaki, Scott Murdoch and Kane Wu TOKYO/HONG KONG – KKR & Co does not plan to lead a bid for Japanese conglomerate Toshiba Corp at this point, three people with…
Tepco considering joining Japan investment partners to bid for Toshiba -Bloomberg
TOKYO – Tokyo Electric Power Co (Tepco) is considering joining a partnership between state-backed Japan Investment Corp and Japan Industrial Partners to bid for Toshiba Corp, Bloomberg News reported, citing people familiar…
Japan’s state-backed JIC hires SMBC Nikko for potential Toshiba deal -sources
By Makiko Yamazaki and Kane Wu TOKYO/HONG KONG – State-backed Japan Investment Corp (JIC) has hired SMBC Nikko Securities as its financial adviser for its pursuit of a potential equity investment in…
Toshiba director defends board nominees from hedge fund shareholders
By Makiko Yamazaki and Yuki Nitta TOKYO – A Toshiba Corp external director on Tuesday rejected criticism that having two shareholder representatives would skew the board, as boardroom tensions at the troubled…
Japan set to allow foreign Toshiba bids if they comply with security rules
By Tim Kelly and Kaori Kaneko TOKYO – Japan will not block foreign investors from buying industrial giants such as Toshiba Corp provided they comply with rules that govern the handling of…
More than 10 funds consider making strategic proposals to Toshiba -NHK
TOKYO – More than 10 investment funds are considering making strategic proposals, including a potential buyout, to Toshiba Corp after the Japanese conglomerate said it would solicit deal offers, national broadcaster NHK…
Toshiba to solicit proposals on strategic alternatives, including privatisation
TOKYO – Toshiba Corp said on Thursday it has resolved to solicit proposals on strategic alternatives, including privatisation of the company. The company has retained Nomura Securities as an adviser and expects…
Toshiba investor 3D hails shareholders’ rejection of separation plan
TOKYO – Singapore-based fund 3D Investment Partners is pleased that shareholders of Toshiba Corp rejected the Japanese conglomerate’s separation plan, the fund said on Friday. In a statement, the fund called for…
Toshiba CEO resigns amid growing opposition to restructuring plans
TOKYO – Toshiba Corp said on Tuesday that Chief Executive Satoshi Ttsunakawa will resign, as the Japanese conglomerate faces increasing opposition to its controversial restructuring plans. Senior executive Taro Shimada, a former…
Blackstone and Toshiba deny buyout approach for Japanese conglomerate
By Makiko Yamazaki and David Dolan TOKYO -Blackstone Inc has never approached Toshiba Corp about a potential buyout, the two companies said on Thursday, denying a media report. Nikkei Business Publications reported…
Toshiba says 3D drops part of proposal on articles of incorporation
TOKYO – Japan’s Toshiba Corp said on Tuesday that a major shareholder, 3D Investment Partners, had withdrawn part of its shareholder proposal. Last week, Toshiba said it planned an extraordinary general meeting…
JPMorgan, Toshiba, Ciena find new way to protect blockchain with quantum network
By Elizabeth Dilts Marshall NEW YORK – A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a powerful, newly-developed…
Toshiba to invest $1 billion to double power chip production
TOKYO – Toshiba Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double production of power management semiconductors, aiming to catch up with power chip…
Toshiba says has restarted some chip production at quake-hit plant
TOKYO – Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was halted after a strong earthquake hit the area at the…
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