Toshiba in talks with four investment firms for strategic ideas -sources

TOKYO/HONG KONG :Toshiba Corp is in talks with at least four global private equity firms including KKR & Co Inc and Blackstone Inc to seek their ideas for its new strategy, three sources with knowledge of the matter said.

The step, however, indicates that Toshiba is engaging with potential bidders since shareholders ousted its chairman in June after the company was found to have colluded with the Japanese government to put pressure on foreign investors https://www.reuters.com/world/asia-pacific/independent-probe-says-toshiba-agm-last-year-was-not-fairly-managed-2021-06-10.

Toshiba, which had a market valuation of about US$19 billion as of Wednesday,"plans to present the achievements when we announce the new business plan in October", it said, but declined to comment further. Toshiba's previous CEO left in April https://www.reuters.com/business/toshiba-says-discuss-top-management-issues-wednesday-2021-04-13/#:~:text=TOKYOper cent2Cper cent20Aprilper cent2014per cent20,Brookfieldper cent20areper cent20alsoper cent20planningper cent20offers over controversy about CVC's buyout offer.

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