Stock Market News
Toshiba to solicit proposals on strategic alternatives, including privatisation
2022.04.21 14:37
FILE PHOTO: The logo of Toshiba Corp is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato
TOKYO (Reuters) – Toshiba (OTC:TOSYY) Corp said on Thursday it has resolved to solicit proposals on strategic alternatives, including privatisation of the company.
The company has retained Nomura Securities as an adviser and expects to complete evaluation of non-binding proposals before its annual general meeting of shareholders, it said in a release.
Toshiba said the evaluation will take into account the likelihood that the eventual transaction will be approved under competition and national securities laws.
