--A Japan Industrial Partners Inc.-led consortium vying to buy Toshiba Corp. may lower its offer for the conglomerate from about $16 billion after disappointing earnings, Bloomberg reports, citing sources familiar with the matter.
--The consortium already has equity funding commitments of about 1 trillion yen ($7.16 billion) for the acquisition, but some members have become hesitant about the proposed valuation, reports Bloomberg.
--Toshiba shares were last down 2.0% at Y4,761.
Full story: bloom.bg/3EVFnji
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