Stock Groups

Toshiba shares jump as buyout speculation mounts -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: Toshiba Corp. logos are displayed at the annual general meeting of its shareholders held in Tokyo, Japan. June 25, 2021. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO, Reuters – Toshiba Corp shares rose 4% on Friday morning on speculations that some private equity funds could be lining up for the privatization of the troubled conglomerate.

Effissimo Capital Management, a Singaporean private equity company, stated in a Thursday filing that it would sell all of its stake to Bain Capital if a tender was launched by the U.S. firm.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]