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Stock Market News

JIC is considering acquisition of Toshiba – Bloomberg

05/25/2022

Less than a minute

2022.05.25 07:01

JIC is considering acquisition of Toshiba - Bloomberg
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 Photo

TOKYO (Reuters) – Japan Investment Corp (JIC) is considering the acquisition of Toshiba (OTC:TOSYY) Corp, Bloomberg reported on Wednesday citing an unnamed source.

Bain Capital and CVC Capital Partners have also proposed buying out the Japanese conglomerate, which produces technology used in missile guidance and other defence systems.

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05/25/2022

Less than a minute