Hints and tips:
...In that case, Bain held a 49.9 per cent voting stake in Kioxia, while Toshiba and optical products maker Hoya together held the remaining 50.1 per cent....
...Corporations went on a ¥7.2tn ($66bn) share-buyback spree between January and the end of November, far outpacing previous years....
...“The influence of Japanese banks over corporations is waning,” says Haruo Nakamura, deputy president and head of investment banking at Mitsubishi UFJ Morgan Stanley Securities....
...Under the terms of the deal, Bain Capital will create a special-purpose acquisition vehicle called Pangea to acquire Toshiba Memory Corporation....
...State-backed bodies such as the Innovation Network Corporation of Japan also expressed vague interest in joining the consortium, but have failed to commit any capital....
...Under the terms of the deal, Bain Capital will create a special-purpose vehicle called Pangea to buy Toshiba Memory Corporation....
...Hoya, a Japanese lens maker, will invest ¥27bn and hold 9.9 per cent, allowing Toshiba to claim on Thursday that “Japan-based companies will hold more than 50 per cent of the common stock”....
...Simple, Japanese corporations need to improve corporate governance. Returns on capital have lagged behind for too long....
...Hoya (Y756bn): Hoya is a specialist in optics, which it applies to a variety of products, ranging from photomasks for the semiconductor industry through to contact lenses and medical endoscopes....
...Tamron climbed 10.3 per cent to Y907 and Hoya rose by 9.1 per cent to Y1,752....
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