25 August 2021, 2:28 pm. 1 minute
Reuters exclusively reported that Toshiba Corp is in talks with at least four global private equity firms including KKR & Co Inc and Blackstone Inc to seek their ideas for its new strategy. Bain Capital and Canadian investment firm Brookfield have also been tapped by the scandal-hit Japanese conglomerate’s strategic review committee to put together and submit their ideas for Toshiba, Reuters sources said. The latest process is not meant to formally solicit buyout bids for the overall company or some of its assets, and it’s not immediately clear whether the engagement with buyout firms will result in formal offers in the future.
Topics of Interest: DealsTechnology
Type: Reuters Best
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story