Toshiba in turmoil
Toshiba buyout: Japanese fund submits $15bn proposal
Japan Industrial Partners is leading a consortium of buyers in the deal
Investment fund Japan Industrial Partners has submitted a proposal to take Toshiba private. (Photo by Tsuyoshi Tamehiro)
TOKYO -- Investment fund Japan Industrial Partners has submitted a formal proposal to take over Toshiba for about 2.2 trillion yen ($15 billion), Nikkei learned on Monday.
The proposal is based on Toshiba's current share price. Toshiba's special committee that was established in April will decide whether to accept the bid.
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