Major Toshiba shareholder 3D Investment Partners cut stake to 4.9% - filing

TOKYO : Major Toshiba Corp shareholder 3D Investment Partners scaled back its stake the day before the Japanese conglomerate announced it had accepted a higher priced takeover bid, a regulatory filing showed on Wednesday.

Singapore-based fund 3D Investment Partners Pte cut its stake in Toshiba to 4.90 per cent from 7.20 per cent on Wednesday of last week in an off-market transaction at 4,194 yen a share, the filing showed. That represents a 9 per cent discount to the 4,620 yen buyout offer the company last week said its board had accepted.Toshiba's board accepted the $15.2 billion buyout offer from a group led by private equity firm Japan Industrial Partners, potentially drawing a line under years of upheaval at the company.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Credit Agricole launches China M&A and investment banking businessHONG KONG : Credit Agricole, France's second-biggest listed bank, has become the latest foreign lender to boost its China investment banking operations with the launch of a new unit.The new unit, Credit Agricole (Beijing) Advisory Services, focuses on cross-border merger and acquisition, encompassing purc
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »

Wife asks husband to buy her LV bags and purse equivalent to 3 months of his salary, she says it's an “investment” - Singapore News'Not fully following what she meant, I asked her to explain. She said “it’s an investment because after buying it you’ll be invested in me”'.
Fonte: IndependentSG - 🏆 9. / 63 Leggi di più »