- Benzinga
Toshiba's $15B Buyout Deal In Trouble, Foreign Investors Might Drop
The $15 billion buyout of Toshiba Corp (OTC: TOSYY) (OTC: TOSBF) may end up purely as a Japanese deal, as most foreign buyers may opt-out. Talks to bring Blackstone Inc (NYSE: BX), BPEA EQT, and CVC Capital Partners on as equity investors have stalled, Bloomberg reported citing people familiar with the matter. The bidding group led by Japanese fund Japan Industrial Partners (JIP) Inc presently includes domestic firms. Most recently, Japanese chipmaker Rohm Co Ltd announced its plans to join the
- Benzinga
Toshiba Deal Battles Uncertainty As Preferred Bidder Fails To Reach Agreement With Lenders
The chances of Toshiba Corp's (OTC: TOSYY) preferred bidder securing letters of commitment from banks are unlikely by year-end as disputes over lending terms persist after months of negotiations. A consortium led by Japan Industrial Partners Inc explored bank financing totaling ¥1.4 trillion ($10.6 billion) to take Toshiba private. However, negotiations have stalled over covenants and collateral, Bloomberg reports. JIP has also requested additional subordinated loans and other forms of mezzanine
