Toshiba gets $19B buyout bid sending shares surging

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Toshiba gets $19B buyout bid sending shares surging
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The Japanese conglomerate Toshiba, has reportedly received a $19 billion takeover bid from a domestic-led consortium.

The consortium, which includes Chubu Electric Power, has received the right of first refusal in its bid for Toshiba, the Nikkei business daily previously reported.Reuters reported in August 2021 that Toshiba was in talks with four investment firms.

/ AP Newsroom)
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