TOSBF - Toshiba said expected to collect bids for takeout by end of the month

Toshibas (OTCPK:TOSBF) is reportedly planning to collect non-binding offers for its strategic options, including a possible go-private, near the end of the month. The offers are expected by a May 30 deadline, according to a Dealreporter item, which cited sources familiar. The potential buyers include both foreign and Japanese private equity firms. Toshiba last month said it hired outside advisors after deciding to solicit proposals for restructuring options, including privatization, from potential investors. Early last month Toshiba (OTCPK:TOSBF)  suspended its plan to split the company in two after shareholders rejected proposals for a spinoff or sale.

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Toshiba said expected to collect bids for takeout by end of the month