Toshiba Says Detailed Talks on Buyouts Meaningful Only After Option Review

Toshiba Says Detailed Talks on Buyouts Meaningful Only After Option Review
The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan on Feb. 13, 2017. Issei Kato/Reuters
Reuters
Updated:

TOKYO—Toshiba Corp said on Wednesday detailed talks on potential take-private deals would make sense only after all strategic options are carefully reviewed, spurning calls from some shareholders to start soliciting buyout bids.

The statement comes as the Japanese industrial conglomerate has been in talks with financial and strategic investors, including KKR & Co Inc and three other global private equity firms to seek their ideas for its new strategy.