Hints and tips:
Related Special Reports
Related Topics
...Elliott’s move, which marks its fourth major public foray into the Japanese stock market after engagements with Toshiba, SoftBank and Dai Nippon Printing, targets a company with a property empire that stretches...
...JIP had initially partnered with Japan Investment Corp, an investment fund backed by the Japanese government, in the first round of bidding....
...These include the 2022 appointment of Elliott’s Nabeel Bhanji to the board of Toshiba....
...Toshiba declined to comment....
...The stakebuilding adds to only a handful of investments that Elliott has previously made in Japan — with Masayoshi Son’s SoftBank Group and Toshiba the most prominent....
...Bhanji has been focused on Toshiba, another Japanese conglomerate in the past year, where Elliott has built a larger stake. Bhanji joined the board of Toshiba in June....
...Toshiba has six main businesses....
...The SRC was advised by UBS last November to split Toshiba into three, but the company was forced to backtrack when shareholders vehemently protested....
...SK Hynix had invested about $3.5bn in the Bain-led consortium that made a bid for Toshiba’s semiconductor unit, later renamed Kioxia, for $18bn in 2017....
...And will this finally be the end of Toshiba’s mess?...
...SK Hynix invested about $3.5bn in the Bain-led consortium that acquired Toshiba’s semiconductor unit, later renamed Kioxia, for $18bn in 2018....
...The announcement comes days after it emerged that Western Digital had abruptly abandoned long-running merger talks with Kioxia of Japan, formerly Toshiba’s semiconductor unit, which is owned by a consortium...
...Toshiba said that Japan Industrial Partners has offered to buy the group for ¥4,620 ($35) per share. Shares in Toshiba, Japan’s best-known conglomerate, closed at ¥4,213 on Thursday....
...SK Hynix was part of the Bain-led consortium that acquired Toshiba’s semiconductor unit, which was renamed Kioxia, for $18bn in 2018....
...Not for Toshiba it seems....
...The conglomerate also recorded a ¥10.2bn impairment charge for its Toshiba TEC printing business as the subsidiary’s share price fell....
...Andrew McDermott, founder of Japan-focused investment firm Mission Value Partners, says he does not think the JSR transaction and a similar one involving Toshiba represent a negative signal for broader merger...
...Orix said it was considering an investment in Toshiba but no final decision had been made....
...Still, there is reason for caution as the Toshiba deal unfolds....
...Q2, Vodafone HY, Wise HY Wednesday Rupert Murdoch steps down as News Corp chair following today’s annual shareholders meeting, becoming chairman emeritus The UK’s Supreme Court considers whether the...
...executive of Hargreaves Lansdown, succeeding Chris Hill, who steps down Germany: June industrial production figures UK: Halifax House Price Index Results: Clarksons H1, PageGroup H1, Saudi Aramco H1, Toshiba...
...The hedge fund has been selective to date in its involvement with Japanese companies, with SoftBank and Toshiba being the most high-profile examples....
...This has come back to bite Toshiba again and again....
...That implies Toshiba’s 40 per cent stake is worth $12bn. The value of the stake in yen is ¥1.6tn, two-thirds of Toshiba’s current market value of ¥2.5tn....
...“Most Japanese studying science subjects are more interested in IT, not necessarily semiconductors,” said Takashi Miyamori of Toshiba Electronic Devices....
International Edition