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U.S. funding fund Bain Capital LP is contemplating buying Toshiba Corp., including to uncertainties over the outlook for the Japanese conglomerate after its reform plan was rejected by shareholders final week, sources acquainted with the plan mentioned Thursday.
Toshiba’s largest shareholder Effissimo Capital Administration Pte Ltd. indicated it will promote the shares it holds to Bain Capital if it launched a takeover bid for the Japanese agency.
Toshiba, a family identify in Japan with an almost 150-year historical past, had sought majority help for its proposal to separate into two listed corporations at a rare shareholders’ assembly on March 24.
Nevertheless it acquired opposition from 59.69% of its shareholders.
“We now have no data about this. We are going to proceed to think about each potential choice to enhance our company worth,” Toshiba mentioned in a press release.
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KEYWORDS
Toshiba, Bain Capital
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