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Top related persons:
Paul Singer’s Elliott - 1 Daniel Loeb’s - 1 Jerry Black - 1 Antony Currie - 1 Katrina Hamlin - 1
Top related locs:
MUMBAI Kioxia Japan
Top related orgs:
Toshiba - 1 Japan Industrial Partners - 1 Paul Singer’s Elliott Management - 1 Farallon Capital - 1 Thomson - 1

Search resuls for: "Jerry Black"


2 mentions found


☆ Toshiba gives shareholder management masterclass
  + stars: | 2023-06-09 | by ( Una Galani | ) www.reuters.com   time to read: +3 min
Its limited visibility on the value of the memory-chip specialist was one reason it cited for its earlier restraint. Follow @ugalani on TwitterCONTEXT NEWSToshiba said on June 8 that its board has decided to recommend shareholders accept a tender offer from a group led by Japan Industrial Partners. The tender offer is expected to be launched some time from late July. Among other factors, it cited limited visibility into the value of chipmaker Kioxia, of which Toshiba owns around 40%. In recommending the offer, Toshiba noted the book value of Kioxia’s shares had fallen since its March announcement.
Persons: Paul Singer’s Elliott, Daniel Loeb’s, Jerry Black, Antony Currie, Katrina Hamlin Organizations: Reuters, Toshiba, Japan Industrial Partners, Paul Singer’s Elliott Management, Farallon Capital, Thomson Locations: MUMBAI, Kioxia, Japan
☆ Toshiba says aims to reach deal with potential partners soon as possible
  + stars: | 2022-12-16 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Dec 16 (Reuters) - Japan's Toshiba Corp (6502.T), which is talks about a buyout, said in a letter to shareholders on Friday that it was aiming to reach as conclusion with potential partners as soon as possible. Toshiba is "planning to receive binding and bona-fide proposal(s) and shall be making strong efforts to arrive at a conclusion as early as possible after necessary negotiations," the letter said. Sources have told Reuters that the company's preferred bidder, Japan Industrial Partners (JIP), was moving closer to securing financing from banks for a buyout. A deal is expected to value the industrial conglomerate at around 2.2 trillion yen ($16 billion). Shares in Toshiba, whose businesses span nuclear power, defence technology and which owns 40% of memory chip maker Kioxia Holdings, were up 1.7% in mid-morning trade.
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