Toshiba Mega Price
Toshiba’s board has given the green light to a $15 billion buyout that, if approved by shareholders, would make it Japan’s biggest ever take-private deal.And provide a timely turbo boost to the country’s private equity industry. At the front of the grid is Japan Industrial Partners, along with five other financial institutions and 17 domestic companies. The next turn of events will see Toshiba’s board convene a special committee to assess the deal. It is believed that several of the conglomerates largest shareholders were comfortable with the valuation formula used. As the chequered flag approaches, all eyes will be on the completion of this historic deal.