There are also two strategic capital and business alliance offers under which the company would remain public. All ten are non-binding proposals, Toshiba announced on Thursday. The proposals would be checked, among other things, with regard to the price expectations, the medium and long-term improvement in company value and their possible implementation, it said. Names were not mentioned.
According to the information, “potential investors” will be selected after the annual general meeting on June 28. Accordingly, they should be given the opportunity to carefully examine the economic and financial situation at Toshiba.
The corporate giant, founded in 1875, is one of the best-known names in the Japanese economy. However, the disastrous foray into the US nuclear power business and an accounting scandal brought the group to the brink of collapse in the middle of the last decade. Toshiba produces, among other things, memory chips and other semiconductors, but is also active in the areas of energy plant construction and transport systems.
/dg/DP/mis
TOKYO (dpa-AFX)
Leverage must be between 2 and 20
No data
More news about Toshiba Corp.
Image sources: istockphoto / tbradford, testing / Shutterstock.com