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    QONEQT in Toshiba

    13-Oct-2022 07:24 AM


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    Toshiba shares jump on report of possible $19 billion buyout By Reuters

    Toshiba logos are pictured at Toshiba Corp's annual general meeting with its shareholders in Tokyo, Japan, June 25, 2021.

    The 2.8 trillion yen figure cited by Kyodo would mark a 26% premium to Wednesday's closing price.

    Attempts to turn itself around have been overshadowed in recent years by discord between management and its many activist shareholders.

    Toshiba has declined to comment on the report.
    It was not immediately clear how many bids Toshiba is seriously considering but the contest to take over the company is likely still an open race between Japan Industrial Partners and state-backed Japan Investment Corp, said Travis Lundy, a Quiddity Advisors analyst who publishes on the Smartkarma platform.

    "The only way to get rid of the activists is to buy them out," Lundy said.
    Source: Investing.com
    #Toshiba