This post was originally published on this site
News agency Kyodo reported on Wednesday that a group of firms led by Japan Industrial Partners, a domestic private equity group, had made the bid, which marked a premium of around 26% from Wednesday’s closing price.
The group, which includes Chubu Electric Power Co, had received the right of first refusal in its bid for Toshiba, the Nikkei business daily reported.
Shares of Toshiba were up 8.5% at 5,566 yen in morning trade in Tokyo, putting them on track for their biggest one-day gain in more than a year.
($1 = 146.7700 yen)
