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    6502   JP3592200004

TOSHIBA CORPORATION

(6502)
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Delayed Japan Exchange  -  02:00 2022-07-05 am EDT
5450.00 JPY   -0.49%
09:35aTepco considering joining Japan investment partners to bid for Toshiba -Bloomberg
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Exclusive-Bidders weigh up to 7,000 yen/share offer in $22 billion Toshiba buyout -sources

06/22/2022 | 07:46am EDT
FILE PHOTO: Toshiba Corp. Chief Executive Taro Shimada and external director Jerry Black pose for a photograph during an interview in Tokyo

TOKYO/HONG KONG (Reuters) - Bidders for Toshiba Corp are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion.

Toshiba, which is exploring strategic options, said this month it had received eight initial buyout proposals and two proposals 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 as of Wednesday's close.

A separate source said the range of offers had been wide spread and various conditions have been attached.

Toshiba said in a statement to Reuters that it would not disclose details of the proposals.

($1 = 136.1500 yen)

(Reporting by Makiko Yamazaki in Tokyo, Kane Wu and Scott Murdoch in Hong Kong; editing by Sumeet Chatterjee and Jason Neely)

By Makiko Yamazaki, Kane Wu and Scott Murdoch


© Reuters 2022
Stocks mentioned in the article
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BROOKFIELD ASSET MANAGEMENT INC. -0.05% 57 Delayed Quote.-25.04%
TOSHIBA CORPORATION -0.49% 5450 Delayed Quote.15.79%
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Analyst Recommendations on TOSHIBA CORPORATION
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Financials
Sales 2022 3 347 B 24 663 M 24 663 M
Net income 2022 147 B 1 082 M 1 082 M
Net Debt 2022 236 B 1 740 M 1 740 M
P/E ratio 2022 16,2x
Yield 2022 3,49%
Capitalization 2 358 B 17 377 M 17 377 M
EV / Sales 2022 0,78x
EV / Sales 2023 0,77x
Nbr of Employees 116 224
Free-Float 92,9%
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 5 450,00 JPY
Average target price 5 180,63 JPY
Spread / Average Target -4,94%
EPS Revisions
Managers and Directors
Taro Shimada President & Chief Executive Officer
Masayoshi Hirata CFO, Head-Accounting & Finance Management
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
Hideaki Ito Head-Technology Planning, R&D Center
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