Japan chipmaker Rohm to invest $722 million in Toshiba buyout fund

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Japan chipmaker Rohm to invest $722 million in Toshiba buyout fund
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TOKYO :Japanese chipmaker Rohm said on Tuesday it will invest 100 billion yen ($722 million) in a fund backed by Japan Industrial Partners (JIP), which is launching a tender offer for Toshiba Corp.Rohm also plans to underwrite 200 billion yen of non-voting preferred stock issued by TBJ Holdings, which will be

TOKYO :Japanese chipmaker Rohm said on Tuesday it will invest 100 billion yen in a fund backed by Japan Industrial Partners , which is launching a tender offer for Toshiba Corp.

The purpose of the investment is to"participate in the privatisation of Toshiba and help to resolve their issues", Rohm said in a statement.

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