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Toshiba walks away from potential PE buyout talks: Reuters

Japan’s Toshiba Corp walked away from potential private equity buyout offers at a substantial premium, Reuters reported.

Japan’s Toshiba Corp walked away from potential private equity buyout offers at a substantial premium, Reuters reported. The conglomerate also walked away from advanced talks for a minority investment from Brookfield Asset Management. The decision to not pursue either course and instead focus on a plan to split itself in three has widened the gulf between Toshiba and a number of its hedge fund investors.

Read the entire Reuters story here.