& nbsp; & nbsp; & nbsp; & nbsp; competitors consider buying Toshiba for $ 22 billion.
On June 23, Reuters quoted three people familiar with the matter and said that buyers who bid Toshiba are considering privatization at the price of up to 7,000 yen (about 51.41 US dollars) per share, with a transaction valuation of about 22 billionDollar.
Affected by the above news, Toshiba (6502.T )'s stock price rose more than 6%in early trading, and then narrowed to 4.4%to 5745 yen.
This old Japanese company has been in trouble in recent years and is currently undergoing new strategic choices.Toshiba earlier this month, 8 preliminary acquisition plans and two capital alliance plans have been received, which can maintain Toshiba's listed company status.
The price of 7,000 yen per share is 27%compared to Toshiba's closing price of 5501 yen on the 22nd.However, another person familiar with the matter said that the scope of the offer was large and various conditions were added.
It is reported that KKR, Babing Asia, Black Stone, Bain, Brookfield Asset Management, Anbo, Apollo Global Management and CVC Capital have submitted preliminary bids.Some of them may form a consortium bid.
It is reported that Japanese domestic funds, including Japan Investment Corp.), and some strategic participants are considering how to participate in the transaction.
Reuters said the two people familiar with the matter said that of all possible bidders, Bain has always performed "very positive".Another Japanese investment banker who understands the transaction said that even if it is calculated at the price of 6,500 yen per share, Toshiba's valuation seems to be "too high."