FILE PHOTO: Toshiba Corp’s logo is seen at the company’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon
March 31, 2022
TOKYO (Reuters) -The top shareholder in Toshiba Corp would sell all of its shares if private equity firm Bain Capital were to launch a takeover bid, Effissimo Capital Management said in a regulatory filing.
When asked about the filing, a spokesperson for Singapore-based Effissimo, which owns about 9.9% of Toshiba, said the fund plans to announce its stance at the appropriate time.
Toshiba had no immediate comment, a spokesperson said, while a Bain spokesperson was not immediately available for comment.
Reuters reported last year that Bain was looking at formulating a bid to take Toshiba private, making it one of several companies said to be interested in such a deal.
(Reporting by Makiko YamazakiEditing by Jason Neely and David Goodman)
Source: One America News Network
