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Exclusive-Toshiba's preferred bidder offers price short of key 6,000 yen a share -sources By Reuters
The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan June 10, 2021. A consortium led by private equity firm Japan Industrial Partners (JIP) was granted preferred bidder status by Toshiba in a second round of bidding on Oct. 7, though the conglomerate is still open to proposals from others, people familiar with the matter have said. Toshiba shares closed 5,435 yen on Monday. They have risen about 15% this year on expectations for a buyout. Toshiba, JIP and JIC declined to comment. Investors have considered 6,000 yen to be a key threshold. Source: Investing.com #Toshiba
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