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Toshiba in turmoil

Bain prepares buyout offer for Toshiba

Nuclear facilities law a hurdle to privatization, despite key shareholder support

Toshiba's restructuring plan will move forward after a proposal to split the group into two failed. (Source photos by screenshot from Bain Capital website and Reuters) 

TOKYO -- U.S. private equity firm Bain Capital is preparing a bid to acquire Toshiba that would take the Japanese industrial group private, Nikkei has learned.

Bain is putting together a proposal, which it will offer to the company as soon as it is done. Singapore-based fund Effissimo Capital Management, Toshiba's largest shareholder, has signed an agreement with Bain to sell its entire stake to the private equity group if Bain launches a takeover bid, it emerged on Thursday.

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