Toshiba Board Accepts Buyout Offer that Would Take Company Private
Offer follows plummeting third-quarter operating profit.
Offer follows plummeting third-quarter operating profit.
Reports declining hard disk drive sales, impairment charge for Retail and Printing Solutions group.
The acquisition price is estimated to be about 26 percent higher than Toshiba’s current market value of ¥2.22 trillion.
This would be the second proposal for Toshiba from the state-backed Japan Investment Corporation.
Company entering second stage of bidding process.
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