TOSBF - Toshiba weighs final offer from group led by Japan Industrial Partners

Toshiba ( OTCPK:TOSBF ) ( OTCPK:TOSYY ) said Thursday that a consortium led by Japan Industrial Partners submitted a final offer of ~¥2T ($15.2B) to buy the company.

The offer apparently shows Toshiba's ( OTCPK:TOSBF ) ( OTCPK:TOSYY ) sale process is back on track after the JIP-led group ran into difficulty securing bank financing; Bloomberg reported earlier that major Japanese lenders decided to issue commitment letters to support a loan for the buyout.

A sale would ensure that Toshiba's ( OTCPK:TOSBF ) ( OTCPK:TOSYY ) nuclear power business would not pass into foreign hands; the business is involved in decommissioning the wrecked Fukushima Daiichi nuclear plant.

Nearly a year ago, Toshiba ( OTCPK:TOSBF ) ( OTCPK:TOSYY ) put itself up for auction after its earlier plan to split the company into two was rejected .

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