,The bidders are now discussing an offer price range of up to 7,000 yen a share with Toshiba’s shareholders, the people said, representing up to a 27% premium to Toshiba’s share price of 5,501 yen (RM178) as of Wednesday’s close.新2正网平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
TOKYO: Bidders for Toshiba Corp are considering offering up to 7,000 yen (RM226) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about US$22bil (RM97bil).
Toshiba, which is exploring strategic options, said this month it had received eight initial buyout proposals and two for capital alliances that would see it remain listed.
The bidders are now discussing an offer price range of up to 7,000 yen a share with Toshiba’s shareholders, the people said, representing up to a 27% premium to Toshiba’s share price of 5,501 yen (RM178) as of Wednesday’s close.
A separate source said the range of offers was wide and various conditions have been attached.
Toshiba shares rose 5.3% in Tokyo early yesterday, outperforming a 0.8% rise in the benchmark Nikkei average.
The offer price, if finalised, would value the chips-to-nuclear-reactors conglomerate at three trillion yen (US$22bil) at the top end of the range.
Toshiba told Reuters it would not disclose details of the proposals.
KKR & Co Inc, Baring Private Equity Asia, Blackstone Inc, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo Global Management and CVC Capital Partners have submitted initial bids, according to the people.
Some of them may form consortia for a bid, they added.
Bain, Blackstone, Brookfield, Baring, CVC, KKR and MBK declined to comment. Apollo did not immediately respond to a request for comment.
Domestic funds, including Japan Investment Corp (JIC), and a number of strategic players are looking to see how they can participate in the deal, the people said, declining to be named as they were not authorised to speak to the media.
JIC declined to comment.
If successful, the Toshiba deal would be the largest buyout transaction in Japan since a consortium led by Bain took private the conglomerate’s memory chip unit, Kioxia, for US$18bil (RM79bil) in 2018.
The discussions are taking place at a time when a weak yen continues to haunt the Japanese economy, threatening to disrupt Japanese firms’ business plans and turn them into attractive acquisition targets for foreign buyers.
The yen plunged to a new 24-year low of 136.71 per dollar early on Wednesday.
Of all the potential bidders, Bain has been “very aggressive” in pushing for a buyout, said two of the people.
A Japanese investment banker with knowledge of the deal separately said even at 6,500 yen (RM211) per share the valuation for Toshiba seemed “too stretched”.
Ultimately, he said, the price would have to take into account how investors value Toshiba’s 40% stake in unlisted chipmaker Kioxia.