Toshiba receives 10 initial proposals including 8 to go private -Breaking
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© Reuters. FILE PHOTO: The brand of Toshiba Corp. is seen on the firm’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon/File PictureTOKYO (Reuters) – Toshiba (OTC:) Corp stated on Thursday it has acquired 10 funding proposals together with 8 proposals to go personal because the troubled Japanese conglomerate explores strategic choices.
Toshiba, which has been bedevilled by accounting and governance crises since 2015, arrange a particular committee in April to solicit proposals after shareholders voted down a management-backed restructuring plan.
The deadline for submitting the non-binding proposals was Monday.
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