,The bidders are now discussing an offer price range of up to 7,000 yen a share with Toshiba’s shareholders, the people said, representing up to a 27% premium to Toshiba’s share price of 5,501 yen (RM178) as of Wednesday’s close.新2会员网址（www.hg108.vip）实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。
TOKYO: Bidders for Toshiba Corp are considering offering up to 7,000 yen (RM226) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about US$22bil (RM97bil).
Toshiba, which is exploring strategic options, said this month it had received eight initial buyout proposals and two for capital alliances that would see it remain listed.
The bidders are now discussing an offer price range of up to 7,000 yen a share with Toshiba’s shareholders, the people said, representing up to a 27% premium to Toshiba’s share price of 5,501 yen (RM178) as of Wednesday’s close.
A separate source said the range of offers was wide and various conditions have been attached.
Toshiba shares rose 5.3% in Tokyo early yesterday, outperforming a 0.8% rise in the benchmark Nikkei average.
The offer price, if finalised, would value the chips-to-nuclear-reactors conglomerate at three trillion yen (US$22bil) at the top end of the range.
Toshiba told Reuters it would not disclose details of the proposals.
KKR & Co Inc, Baring Private Equity Asia, Blackstone Inc, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo Global Management and CVC Capital Partners have submitted initial bids, according to the people.
Some of them may form consortia for a bid, they added.
Bain, Blackstone, Brookfield, Baring, CVC, KKR and MBK declined to comment. Apollo did not immediately respond to a request for comment.
Domestic funds, including Japan Investment Corp (JIC), and a number of strategic players are looking to see how they can participate in the deal, the people said, declining to be named as they were not authorised to speak to the media.
JIC declined to comment.
If successful, the Toshiba deal would be the largest buyout transaction in Japan since a consortium led by Bain took private the conglomerate’s memory chip unit, Kioxia, for US$18bil (RM79bil) in 2018.
The discussions are taking place at a time when a weak yen continues to haunt the Japanese economy, threatening to disrupt Japanese firms’ business plans and turn them into attractive acquisition targets for foreign buyers.
The yen plunged to a new 24-year low of 136.71 per dollar early on Wednesday.
Of all the potential bidders, Bain has been “very aggressive” in pushing for a buyout, said two of the people.
A Japanese investment banker with knowledge of the deal separately said even at 6,500 yen (RM211) per share the valuation for Toshiba seemed “too stretched”.
Ultimately, he said, the price would have to take into account how investors value Toshiba’s 40% stake in unlisted chipmaker Kioxia.环球UG声明:该文看法仅代表作者自己，与本平台无关。转载请注明：新2会员网址（www.hg108.vip）_Bidders weigh US$22bil offer for Toshiba Corp