Toshiba To Weigh Deals To Go Private

Toshiba Corp TOSYY looks to assess potential bids from private equity and other investors to take the Japanese conglomerate private, the Financial Times reports.
The new committee assessing the bids will include the group's six existing independent directors, Tiga Investments founder Raymond Zage and the former Noble Group executive chair Paul Brough.
Toshiba will likely receive its first proposal from Bain Capital which recently won qualified support for a buyout deal from Toshiba's largest shareholder, Singaporean investment fund Effissimo.
Also Read: Here's How Toshiba Looks To Restructure Itself
The deal came with its political and technical challenges, FT notes.
Several senior figures did not consider it the best route to resolve years of business turmoil and deepening deadlock with activist shareholders.
A strategic review committee convened in 2021 discussed potential buyout deals with PE firms, including KKR & Co Inc KKR, Blackstone Inc BX, and Brookfield.
Price Action: TOSYY shares closed at $20.54 on Thursday.