Toshiba shares jump as buyout speculation mounts By Reuters
© Reuters. FILE PHOTO: Toshiba logos are pictured at Toshiba Corp’s annual general meeting with its shareholders in Tokyo, Japan, June 25, 2021. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO (Reuters) – Shares of Toshiba (OTC:) Corp jumped 4% in early Tokyo trade on Friday on speculation that private equity firms could be lining up to take the embattled conglomerate private.
Singapore-based Effissimo Capital Management said in a filing on Thursday that it had agreed to sell its entire stake to Bain Capital if the U.S. private equity firm launched a tender offer.
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