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Toshiba stock surges 6.5% on report of bids at $22-billion valuation

Toshiba has been soliciting acquisition offers - and other restructuring proposals - as it seeks to end years of mismanagement and mollify activist investors

Topics
Toshiba | Bain capital | Blackstone

Bloomberg 



Photo: Bloomberg
Photo: Bloomberg

shares jumped as much as 6.5 per cent on Thursday after Reuters reported bidders are considering offering up to 7,000 yen per share to take the company private, which would value the deal at about $22 billion.

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First Published: Fri, June 24 2022. 02:32 IST

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