Singapore-based fund 3D
Investment Partners said it welcomed the changes to Toshiba
Corp s board after shareholders voted out board
chairman Osamu Nagayama on Friday. We hope that. | June 25, 2021
Japan s trade ministry on Friday denied its officials directed an adviser to contact Toshiba Corp shareholders as part of a plan to pressure them to support management in a key vote on board. | June 11, 2021
Message :
Required fields
TOKYO (Reuters) - Toshiba Corp said on Monday it will buy back up to 6% of its outstanding shares worth around 100 billion yen ($913 million), in line with its plans to boost shareholder returns.
The Japanese industrial conglomerate will also allocate about 50 billion yen to pay a special dividend as some shareholders, mainly retail shareholders, prefer dividends , it said in a statement.
Toshiba, which has been under pressure from activist shareholders, last month promised to return to shareholders a surplus of 150 billion yen against the appropriate shareholder equity level.
($1 = 109.5600 yen)
Message :
Required fields
HONG KONG (Reuters) - Bain Capital is looking at formulating a bid to acquire Toshiba Corp, two people familiar with the matter said.
The Japanese conglomerate on Tuesday dismissed a $20 billion buyout offer from CVC Capital Partners as lacking substance but said it would consider any credible offers.
CVC had initially approached Bain about a joint bid before its offer was made public but Bain was not interested, one of the people said.
Bain has entered into discussions with Japanese banks including the core units of Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group to secure funding, the person said.
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate s shares surged on reports that KKR & Co. | April 14, 2021