More than 10 funds consider making strategic proposals to Toshiba -NHK By Reuters

© Reuters. FILE PHOTO: The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – More than 10 investment funds are considering making strategic proposals, including a potential buyout, to Toshiba (OTC:) Corp after the Japanese conglomerate said it would solicit deal offers, national broadcaster NHK reported on Friday.

Those investment funds, which include both Japanese and overseas-based funds, have already signed initial contracts, the report said.

Toshiba, which has been locked in a years-long battle with some of its major shareholders over its direction, said last month it would solicit potential buyout offers, bolstering hopes of a lucrative exit for its hedge fund investors.

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