Toshiba

A consortium led by Japan Industrial Partners Inc. is considering a takeover of Toshiba Corp. at a valuation of about 2.4 trillion yen ($16.1 billion) in what could be Asia's biggest buyout this year

The Indian unit of Japan's Toshiba will supply its SCiB rechargeable lithium-ion cells for 10,000 electric delivery vans made by Indian start-up EVage, the companies said on Tuesday.

TDSG's facility - the first in the country to make batteries with cell-level localisation - has an aggressive export target for the next three years

Toshiba reported a 44 per cent improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management.

Chief Executive Taro Shimada, who oversaw the annual shareholders' meeting in Tokyo, said the majority had voted to OK that plan

Toshiba has been soliciting acquisition offers - and other restructuring proposals - as it seeks to end years of mismanagement and mollify activist investors

The European Commission in 2015 fined five firms 116 million euros ($120.5 million)

The rift is the latest in a long-running crisis that has seen management and shareholders locked in a dispute over the future of the company

Having major shareholders Elliott and Farallon on the board makes this reform far more possible than any other option. Foreign investors have previously won big after helping Toshiba out

Toshiba executives on Friday said privatisation remains an option for the Japanese tech company, as they defended their efforts to choose the right bidder to restore what they called a strong Toshiba.

Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership on Thursday, ahead of a shareholders' meeting next month. Toshiba Corp. said it seeks to add on the board outside directors, such as Nabeel Bhanji, an executive at Elliott Opportunity II Corp., which handles acquisitions and investments, and Eijiro Imai, a former managing director at Farallon Capital Management, a US investment firm. Also proposed for the board is Akihiro Watanabe, an executive at Houlihan Lockey, a US investment bank. Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. Earlier this year, it tapped Taro Shimada, an executive officer and corporate senior vice president, to replace Satoshi Tsunakawa as chief executive. Shimada was an executive at Siemens, both in Japan and the US, before joining Toshiba in 2018, working in its digital operations. In February, Toshiba proposed splitting into two companies, one focused on infrastructure and

Toshiba's buyout, which has a market capitalisation of almost $18 billion, would possibly be private equity's biggest-ever deal in the country

3D's separate call for a private-equity buyout was rejected last month by just short of 55% of shareholders who voted

Bain has sounded out multiple other Toshiba shareholders about teaming up as it prepares to make a buyout offer.

Bain has sounded out multiple other Toshiba shareholders about teaming up as it prepares to make a buyout offer.

Bain has sounded out multiple other Toshiba shareholders about teaming up as it prepares to make a buyout offer.

The agreement with Singapore-based Effissimo, which owns about 9.9% of Toshiba, could potentially force Toshiba to revive talks for a private equity buyout

Toshiba shareholders voted against its plan to spin off the devices unit, but a separate motion backed by activist shareholders that called for the conglomerate to solicit buyout offers also failed

Toshiba shareholders voted down competing proposals - one presented by management and the other backed by activist shareholders, leaving the future direction of the embattled conglomerate uncertain

The fund voted against the Japanese industrial conglomerate's plan to break itself up by spinning off its devices business, a voting record showed