Japanese consortium bid to take Toshiba private in a $15b deal. – Nikkei

Japanese consortium bid to take Toshiba private in a $15b deal. – Nikkei

An offer to purchase Toshiba Corp. for approximately 2.2 trillion yen ($15.01 billion) has been made by a group of more than ten Japanese businesses, led by the Japan Industrial Partners investment fund, the Nikkei daily said on Monday.

If Toshiba accepts the offer to go private, the consortium, which also includes Chubu Electric Power Company Inc. and Orix Corp., will attempt to close the lending transaction by the end of November, according to Nikkei.

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