Toshiba shares jump as buyout speculation mounts

2022.04.01 04:07

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) – Shares of Toshiba (OTC:TOSYY) 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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