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Toshiba’s CEO Says Staying Public Is Still an Option as PE Firms Circle

  • Shimada says nothing is decided on buyout or remaining listed
  • Toshiba has received 8 buyout offers in review of strategy
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WATCH: Toshiba’s CEO Taro Shimada says nothing is decided on the firm’s potential plans to go private, adding staying public is still an option.Source: Bloomberg

Toshiba Corp.’s chief executive officer said nothing is decided on going private and staying public remains a possibility, after the Japanese industrial giant received eight buyout offers as part of a process to decide its future.

“If there’s greater value in not taking the company private, that’s still an option,” Taro Shimada said in an interview with Bloomberg News in Tokyo. “What’s important is that value is maximized for all of the company’s stakeholders.”