Japan Industrial Partners, Inc. (JIP) is considering launching a tender offer for Toshiba Corporation (TSE:6502)  by the end of March 2023, Jiji Press learned. JIP, which holds the preferential negotiating rights for the electronic and machinery giant, plans to procure necessary funds exceeding ¥2.2 trillion by securing investments from over 10 companies and taking out bank loans. It aims to accelerate reconstruction of Toshiba by acquiring all its shares from activist and other shareholders and taking the company private.

However, the bank side has not made a clear promise to extend loans for the buyout. It is set to reach a conclusion by the end of November 2022 after examining related risks.