Ten potential investors have come forward for the Japanese conglomerate Toshiba. The company may be delisted.
After years of refusal, the Japanese company is now open to a possible takeover. It would be an unprecedented operation in Japan, with symbolic importance as well. Toshiba has long been a textbook example of Japanese industrial and technological expertise.
However, things have not gone well in recent years, with an accounting scandal and financial difficulties.
Ten companies, whose names have not been disclosed, have received detailed information about Toshiba’s accounts. They have until May 30 to make non-binding offers.
The investment fund Bain Capital has already expressed interest, as have KKR and Blackstone. The latter two funds would consider an offer together. Japanese players would also follow the file.