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Search resuls for: "Sam Byford"


3 mentions found


☆ Toshiba shares jump on report of possible $19 bln buyout
  + stars: | 2022-10-13 | by ( Sam Byford Takaya Yamaguchi | Sam Byford | Takaya Yamaguchi | ) www.reuters.com   time to read: +3 min
TOKYO, Oct 13 (Reuters) - Shares in Toshiba Corp (6502.T) surged on Thursday following a report that a domestic investor-led group was looking at a $19 billion bid in a deal that could lead to foreign activist shareholders being bought out after years of tension. A consortium led by private equity firm Japan Industrial Partners has been given preferred bidder status in the second round of bidding, a source familiar with the matter told Reuters. Register now for FREE unlimited access to Reuters.com RegisterJapan Industrial Partners has contacted multiple Japanese firms, sources have said. Japan Industrial Partners declined to comment. Toshiba and activist shareholders have been at odds over the direction of the company, with several large foreign funds pushing the conglomerate to consider private equity bids.
☆ Toshiba shares surge following report of $19 bln buyout bid
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Oct 13 (Reuters) - Shares in Toshiba Corp (6502.T) jumped about 9% in early trading on Thursday following a report that a domestic-led consortium is looking to buy the Japanese conglomerate for 2.8 trillion yen ($19.1 billion). News agency Kyodo reported on Wednesday that a group of firms led by Japan Industrial Partners, a domestic private equity group, had made the bid, which marked a premium of around 26% from Wednesday's closing price. The group, which includes Chubu Electric Power Co (9502.T), had received the right of first refusal in its bid for Toshiba, the Nikkei business daily reported. Shares of Toshiba were up 8.5% at 5,566 yen in morning trade in Tokyo, putting them on track for their biggest one-day gain in more than a year. ($1 = 146.7700 yen)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sam Byford; editing by David Dolan and Richard PullinOur Standards: The Thomson Reuters Trust Principles.
☆ Socionext defies chip slump with Japan's biggest IPO this year
  + stars: | 2022-10-12 | by ( Sam Byford | ) www.reuters.com   time to read: +3 min
TOKYO, Oct 12 (Reuters) - Making its market debut on Wednesday, Japan's Socionext Inc (6526.T) bucked softening sentiment toward chips by surging 15% in Tokyo's biggest initial public offering of the year so far. The total deal size was 76.8 billion yen ($525 million), including an overallotment of 2.74 million shares. Based in Yokohama, Socionext was formed in 2015 out of a merger between chipmaking units at Fujitsu Ltd (6702.T) and Panasonic Holdings Corp (6752.T). Socionext says it designs SoCs for clients including major automakers and 5G vendors. But Chu said Socionext was coming in at a "wide discount" to international peers.
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