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Toshiba Plans Board Meeting to Discuss Buyout Offer; Shares Rise

  • A special committee will meet to give recommendations on offer
  • Toshiba’s board will discuss and may proceed with a vote
Toshiba Corp. headquarters in Tokyo, Japan.

Toshiba Corp. headquarters in Tokyo, Japan.

Photographer: Kiyoshi Ota/Bloomberg
Updated on

Toshiba Corp. is planning a board meeting Thursday to discuss the buyout offer by a group led by private equity firm Japan Industrial Partners Inc., according to people familiar with the matter.

A special committee dedicated to vetting the takeover bid will make recommendations ahead of the meeting, the people said, asking not to be identified as the information is private. There’s a chance directors could proceed with a vote, the people said. Should the board agree to accept the offer, an announcement could come as soon as Thursday, the people said.