JIP submits buyout offer for Toshiba
Toshiba Corporation has confirmed the receipt of an acquisition proposal from Japan Industrial Partners (JIP), a local private equity firm best known for its expertise in corporate carve-outs.
The confirmation came in response to Nikkei report that JIP had submitted an offer of JPY 2trn (USD 14.2bn), supported by a syndicated loan of JPY 1.2trn. The private equity firm is said to have assembled...
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