Friday, 24 March, 2023

JIP's Buyout Offer Values Toshiba at $16 B

<p>In what could be this year&#39;s largest takeover in Asia, a CONSORTIUM led by Japan Industrial Partners is exploring acquiring Toshiba Corp for approximately 2.4 trillion yen ($22.9 billion). According to the sources, who declined to be named because the topic is confidential, the JIP-led group intends to offer 1 Trillion Yen in cash and seek bank financing totaling 1.4 Trillion Yen as well as a committed line of credit of 200 Billion yen in working capital.</p>