Japan’s Toshiba Receives 8 Proposals to Go Private

Japan’s Toshiba Receives 8 Proposals to Go Private
The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan, on June 10, 2021. Kim Kyung-Hoon/Reuters
Reuters
Updated:

TOKYO—Toshiba Corp., the troubled Japanese conglomerate exploring strategic options, said it has received eight initial proposals to take it private as well as two proposals for capital alliances that would see it remain listed.

The news comes amid recent signs that Toshiba, which has long been at loggerheads with its large activist shareholder base, is growing more receptive to calls from foreign hedge fund investors to consider going private.