Hints and tips:
...In fact, a bit of a surprise, the biggest private equity deal of the year — the roughly $15bn buyout of Toshiba Corporation — is happening in Tokyo, not New York, and involves Japan Industrial Partners and...
...Toshiba is set to name Mitsubishi Motors’ former chief financial officer Koji Ikeya as vice-president, Bloomberg reports....
...Dealmakers on both sides of the Pacific have reason to celebrate as Nippon’s all-cash takeover bid sparks hope for a wave of M&A as cash-rich Japanese corporations look to expand beyond their shrinking domestic...
...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...
...It could also prove to be the hardest for the Federal Deposit Insurance Corporation to sell, several people who studied the loan book said....
...Here are two cautionary tales. 1) Toshiba Remember in 2017 when a group of western funds backed a desperate cash raising by the scandal-wracked titan?...
...A huge issuance of new shares in an emergency capital-raising exercise loaded Toshiba's shareholder register with feisty hedge funds and activists, more so than for any other major Japanese corporation....
...Some 96 per cent of JIC is owned by the government but it is also backed by big corporations such as Toyota and Sony....
...Suggested reads US sanctions derail China chipmakers’ expansion plans (Nikkei Asia) Kana Inagaki: SoftBank’s future rests on Arm (FT) Thailand’s big corporations scramble for virtual bank licenses (Nikkei...
...The state-backed Japan Investment Corporation is also considering a takeover, although people familiar with the process say the fund would probably team up with one of the large overseas PE buyers....
...Japan Investment Corporation, a $30bn government-backed fund, and electronics manufacturer Nidec have also expressed interest. Investors are sharply divided on how much the company is worth....
...Few aspects of the Toshiba tale have painted an encouraging picture either of the decline of a corporation that once commanded international awe, the interventionist instincts of the Japanese government...
...State fund enters Toshiba frayA $30bn fund backed by the Japanese government is weighing a takeover of Toshiba, entering a bidding battle that has drawn interest from the world’s largest private equity funds...
...Japan Investment Corporation, a $30bn government-backed fund, and electronics manufacturer Nidec have also expressed interest....
...The decision to postpone the IPO came shortly after the US government implemented sanctions against Semiconductor Manufacturing International Corporation, China’s biggest chipmaker, after cutting telecoms...
...There’s this quaint Japanese notion that corporations are living organisms, organic villages of people and human relationships that are not meant to be sold, like meet the highest bidder....
...Opportunity abounds, but deals remain tricky to pull off, as evidenced by the slow burning courtship to take Toshiba private....
...FY, Sage H1, Toshiba FY World events Finally, here is a rundown of other events and milestones this week....
...One of Toshiba’s shareholders said that its findings “confirms our worst, worst fears about the relationship between the Japanese government and its biggest corporations....
...[MUSIC PLAYING] Joanna S KaoOne of Japan’s most famous corporations, Toshiba, has been in turmoil for years....
...So how do you bet against corporations? According to people familiar with Bridgewater’s trade, it used baskets of credit derivatives in Europe and the US to make the trade in April....
...that Toshiba will revive a contentious take-private deal....
...Such shutdowns can sow discontent among the Russian people and corporations. “Every day more and more [are] joining,” Bornyakov said....
...Morgan Stanley led the race to China in 1995, forming China International Capital Corporation (CICC) — which has since been dubbed “the Goldman Sachs of China” — with state-owned China Construction Bank....
...People close to the fund said it was open to working with investment funds backed by the Japanese government, such as Japan Investment Corporation, to receive regulatory clearance....
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