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URLhttps://www.foxbusiness.com/technology/toshiba-gets-19b-buyout-bid-sending-shares-surging
Last Crawled2026-04-02 12:53:06 (17 days ago)
First Indexed2022-10-13 06:23:54 (3 years ago)
HTTP Status Code200
Meta TitleToshiba gets $19B buyout bid sending shares surging | Fox Business
Meta DescriptionThe Japanese conglomerate Toshiba, has reportedly received a $19 billion takeover bid from a domestic-led consortium.
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Published October 13, 2022 1:22am EDT The offer is a 26% premium to Toshiba's Wednesday closing price, which has sent shares heading to their biggest one-day gain in over a year Toshiba Corp shares jumped on Thursday following a report that a domestic-led consortium is looking to buy the Japanese conglomerate for $19.1 billion. A group of firms led by Japan Industrial Partners, a domestic private equity firm, had made the bid, according to the Kyodo news agency. The bid comes to a 26% premium from Wednesday's closing price. Shares of Toshiba jumped 7.5% putting them on track for their biggest one-day gain in more than a year.  TOSHIBA PLANS TO SPLIT INTO THREE FIRMS, SHAREHOLDER REACTION IN FOCUS FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan. (REUTERS/Kim Kyung-Hoon / Reuters Photos) The consortium, which includes Chubu Electric Power, has received the right of first refusal in its bid for Toshiba, the Nikkei business daily previously reported. Toshiba was reportedly exploring strategic alternatives for more than a year. Reuters reported in August 2021 that Toshiba was in talks with four investment firms. File photo shows the company logo of Toshiba Corp. displayed in front of its headquarters in Tokyo.  ((AP Photo/Koji Sasahara, File) / AP Newsroom) TOSHIBA IN TALKS WITH FOUR INVESTMENT FIRMS FOR STRATEGIC IDEAS Toshiba said last month it had received multiple in-depth written indications of interest from potential partners. Ticker Security Last Change Change % TOSYY NO DATA AVAILABLE - - - Powered By Toshiba outlined plans in November to break up into three independent companies by spinning off two core businesses. That plan was adjusted in February to a split into two companies before shareholders ultimately rejected the plan in March. Reuters contributed to this report.
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[Add Fox Business on Google](https://www.foxbusiness.com/technology/toshiba-gets-19b-buyout-bid-sending-shares-surging) ![Ken Martin](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/10/340/340/thumbnail_KenAMartin-1-1.jpeg?ve=1&tl=1) By [Ken Martin](https://www.foxbusiness.com/person/m/ken-martin) [FOXBusiness](https://www.foxbusiness.com/) [close](https://www.foxbusiness.com/technology/toshiba-gets-19b-buyout-bid-sending-shares-surging) ## [FOX Business Flash top headlines for October 12](https://www.foxbusiness.com/video/6311591723112) Check out what's clicking on FoxBusiness.com Toshiba Corp shares jumped on Thursday following a report that a domestic-led consortium is looking to buy the Japanese conglomerate for \$19.1 billion. A group of firms led by Japan Industrial Partners, a domestic private equity firm, had made the bid, according to the Kyodo news agency. The bid comes to a 26% premium from Wednesday's closing price. [Shares of Toshiba](https://www.foxbusiness.com/category/fox-news-toshiba) jumped 7.5% putting them on track for their biggest one-day gain in more than a year. [**TOSHIBA PLANS TO SPLIT INTO THREE FIRMS, SHAREHOLDER REACTION IN FOCUS**](https://www.foxbusiness.com/markets/toshiba-plans-to-split-into-three-firms-shareholder-reaction-in-focus) FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan. (REUTERS/Kim Kyung-Hoon / Reuters Photos) The consortium, which includes Chubu Electric Power, has received the right of first refusal in its bid for Toshiba, the Nikkei business daily previously reported. Toshiba was reportedly [exploring strategic alternatives](https://www.foxbusiness.com/category/mergers-and-acquisitions) for more than a year. Reuters reported in August 2021 that Toshiba was in talks with four investment firms. File photo shows the company logo of Toshiba Corp. displayed in front of its headquarters in Tokyo. ((AP Photo/Koji Sasahara, File) / AP Newsroom) [**TOSHIBA IN TALKS WITH FOUR INVESTMENT FIRMS FOR STRATEGIC IDEAS**](https://www.foxbusiness.com/markets/toshiba-in-talks-with-four-investment-firms-for-strategic-ideas) [Toshiba said last month](https://www.foxbusiness.com/category/stocks) it had received multiple in-depth written indications of interest from potential partners. | Ticker | Security | Last | Change | Change % | |---|---|---|---|---| | TOSYY | NO DATA AVAILABLE | \- | \- | \- | | Powered By | | | | | Toshiba outlined plans in November to break up into three independent companies by spinning off two core businesses. That plan was adjusted in February to a split into two companies before shareholders ultimately rejected the plan in March. *Reuters contributed to this report.* ## Market Futures DOW JONES FUTURES (I:DJI) 46,160.00 \-646.00 (-1.40%) NASDAQ FUTURES (I:COMPX) 23,738.00 \-456.75 (-1.92%) S\&P 500 FUTURES (INX) 6,519.00 \-98.75 (-1.51%) Market Update sponsored by Advertisement Advertisement Advertisement ![Fox News First](https://static.foxnews.com/foxnews.com/content/uploads/2023/09/532x120-NEWSLETTER_BIZ-Rundown.png) Arrives Weekly Get Our Newsletter Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you. We've added you to our mailing list. 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**Published** October 13, 2022 1:22am EDT ## The offer is a 26% premium to Toshiba's Wednesday closing price, which has sent shares heading to their biggest one-day gain in over a year Toshiba Corp shares jumped on Thursday following a report that a domestic-led consortium is looking to buy the Japanese conglomerate for \$19.1 billion. A group of firms led by Japan Industrial Partners, a domestic private equity firm, had made the bid, according to the Kyodo news agency. The bid comes to a 26% premium from Wednesday's closing price. [Shares of Toshiba](https://www.foxbusiness.com/category/fox-news-toshiba) jumped 7.5% putting them on track for their biggest one-day gain in more than a year. [**TOSHIBA PLANS TO SPLIT INTO THREE FIRMS, SHAREHOLDER REACTION IN FOCUS**](https://www.foxbusiness.com/markets/toshiba-plans-to-split-into-three-firms-shareholder-reaction-in-focus) FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan. (REUTERS/Kim Kyung-Hoon / Reuters Photos) The consortium, which includes Chubu Electric Power, has received the right of first refusal in its bid for Toshiba, the Nikkei business daily previously reported. Toshiba was reportedly [exploring strategic alternatives](https://www.foxbusiness.com/category/mergers-and-acquisitions) for more than a year. Reuters reported in August 2021 that Toshiba was in talks with four investment firms. File photo shows the company logo of Toshiba Corp. displayed in front of its headquarters in Tokyo. ((AP Photo/Koji Sasahara, File) / AP Newsroom) [**TOSHIBA IN TALKS WITH FOUR INVESTMENT FIRMS FOR STRATEGIC IDEAS**](https://www.foxbusiness.com/markets/toshiba-in-talks-with-four-investment-firms-for-strategic-ideas) [Toshiba said last month](https://www.foxbusiness.com/category/stocks) it had received multiple in-depth written indications of interest from potential partners. | Ticker | Security | Last | Change | Change % | |---|---|---|---|---| | TOSYY | NO DATA AVAILABLE | \- | \- | \- | | Powered By | | | | | Toshiba outlined plans in November to break up into three independent companies by spinning off two core businesses. That plan was adjusted in February to a split into two companies before shareholders ultimately rejected the plan in March. *Reuters contributed to this report.*
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