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Toshiba Reveals Buyout Bids as Privatization Chances Rise

  • Company says it received 8 non-binding privatization offers
  • Doesn’t disclose bidders; will select bids to pursue after AGM
Updated on

Toshiba Corp. said it received eight offers to buy out the conglomerate and two proposals for capital and business alliances as the Japanese industrial giant moved a step closer to a possible privatization.

The Tokyo-based company revealed the number of non-binding bids received in a statement Thursday, without disclosing the bidders. It will evaluate them and choose one or more to pursue, as soon as possible after the annual shareholder meeting scheduled for June 28.