10 different companies have expressed interest in Toshiba
Back in April 2022, Toshiba Corporation announced that it had resolved to solicit proposals on strategic alternatives from potential investors and sponsors. The Japanese company is seeking to enhance its corporate value and has since the announcement been holding discussions with the potential partners.
The company has been holding discussions with the potential partners who have expressed their intention to submit the proposals. Toshiba says in an update that it has already received a confidentiality pledge from a total of ten potential partners. These ten companies have been provided detailed information on the Toshiba's business and finance.
The deadline for submitting non-binding proposals relating to the transaction is May 30, 2022. And Toshiba says that it will publicly announce the number of the non-binding proposals received from the potential partners and the overview of proposed deal structures before its annual shareholders meeting.