Toshiba

Toshiba $5 billion stock issue results in huge dilution but delisting risk removed

TOKYO (Reuters) - Toshiba Corp's plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more 30 overseas investors, including activist funds, own 35 percent of the embattled conglomerate.<p>The move, decided at a board meeting on Sunday, will …

Western Digital

A Yard Sale May Save Toshiba's Chips - Bloomberg Gadfly

Toshiba Corp. looks to be selling everything. Except its chip business.<p>If ever there was a sign the embattled Japanese firm doesn't expect -- or dare …

Business

Toshiba drops 5% after confirming fundraising plans

Shares in Toshiba fell in Tokyo on Monday after the embattled company said its board had signed off on a capital injection via a ¥600bn ($5.4bn) …

Fundraising

Hedge funds place $5.4bn bet on Toshiba’s resurrection

and in Tokyo<p>A group of over 35 global hedge funds has placed a $5.4bn bet on Toshiba’s corporate resurrection, giving foreign investors potentially …

Western Digital

Toshiba sinks on fundraising plans

Shares in Toshiba tumbled almost 6% overnight after the embattled company's board approved a ¥600B ($5.3B) share offering.<p>The step would avoid a …

Business

Weekend dealbook: Cavium to Marvell, Toshiba denies ASUS

While you relaxed over the weekend, financiers and execs were busy doing deals, or hosing them down.<p>The bigger of the two is Marvell Technologies …

Life Is Suddenly Looking Up for Toshiba

Dozens of hedge funds are betting the worst is over for Toshiba. The $5.3 billion they have stumped up for the beleaguered Japanese conglomerate could ensure that is the case.<p>Toshiba said overnight that it plans to raise ¥600 billion ($5.3 billion) by selling new shares to foreign investors …

Business

Toshiba plans to sell US nuclear division Westinghouse and raise £4bn

Toshiba has announced plans to sell Westinghouse, its bankrupt nuclear reactor business, in a move that could help rescue the stricken Moorside nuclear power plant project in Cumbria.<p>The embattled Japanese conglomerate announced on Sunday that it would raise 600bn yen (£4bn) as it seeks to shore up …

Energy

Toshiba stock drops on $5 billion share sale plan

Toshiba's stock plummeted Monday, after the company announced plans to raise $5 billion to avoid being booted off the Tokyo Stock Exchange.<p>Shares in the Japanese firm fell more than 6% in Tokyo, before paring some of those losses to close down 5.8%.<p>The drop comes a day after the troubled …

Business

Whew... Toshiba rustles up $5.4bn to avoid delisting

Beleaguered Toshiba, facing a Tokyo stock exchange deadline, has planned a $5.4bn share issue to avoid a delisting threat.<p>Reuters reports it is also …

Toshiba shares fall on new share sale plan

<b>Toshiba shares fell nearly 5% on Monday after the company announced a plan to help it retain its listing on the Tokyo Stock Exchange (TSE).</b><p>On Sunday, Toshiba said it would raise $5.4bn (£4.1bn) from new shares to plug a hole in its balance sheet left by its bankrupt US nuclear unit.<p>The TSE's rules …

Stock Markets

Embattled Toshiba to boost capital by US$5.3b share issuance

TOKYO: Embattled Japanese conglomerate Toshiba said on Sunday it plans to raise US$5.3 billion by issuing new shares - a move aimed at avoiding a …

Western Digital

How Toshiba Aims to Avoid Delisting

November 20th, 2017, 1:10 AM UTC<p>Toshiba is planning to raise about $5.5B and explore the sale of its nuclear related assets to avoid being delisted …

Business

Toshiba plans to raise $5.3 billion to avoid delisting risk

TOKYO (Reuters) - Toshiba Corp (T:6502) said it would raise 600 billion yen (4.05 billion pounds)in fresh capital, a key step that would allow the …

Toshiba seeks $5.4 billion cash injection to avoid delisting

With the cash from a successful share sale, Toshiba expects that the consolidated negative 750 billion yen on its balance sheet will be erased by the …

Stock Markets

Toshiba to Raise $5.3 Billion in Sale of New Shares

TOKYO—Toshiba Corp. said it would raise ¥600 billion ($5.3 billion) through the sale of new shares to foreign funds, a step to avoid a delisting from the Tokyo Stock Exchange if the planned sale of its chip unit is delayed.<p>The troubled Japanese conglomerate will issue about 2.3 billion shares, …

Business

Toshiba in Talks to Sell PC Unit to Taiwan's Asus

Toshiba's (TOSYY) tumultuous year just took another turn.<p>The Japanese electronics giant, whose stock is lower over 27% year-over-year, needs cash to …

Tech Industry

Asus Seeks to Add Toshiba’s De Minimus PC Share, Says Nikkei

<b>The</b> <b>Nikkei Asian Review</b> today relates that Taiwan’s <b>Asustek Computer</b> (2357TW) is in talks with <b>Toshiba</b> (TOSBF) to buy the latter’s money-losing <b>personal</b> …

ASUS

Toshiba shoots down reports of PC unit sale

Denying media reports, Toshiba (OTCPK:TOSYY) said it has not entered into talks with Taiwan's Asus, or any company, to sell its PC business, as it …

Business

Toshiba in talks to sell PC operations to Asus - Nikkei‍​

(Reuters) - Japanese conglomerate Toshiba Corp (T:6502) has entered into negotiations to sell its personal computer operations to Taiwan's Asustek …

Toshiba sells TV unit to Hisense in $114m deal

The firm's sale of a 95 percent stake will be sold to help deal with current financial losses.<p>Toshiba has announced plans to sell its television …

Toshiba sells its electronics department to Hisense

Toshiba signed a deal today selling its television subsidiary to China’s Hisense, according to the <i>Nikkei Asian Review</i><i>.</i> The Japanese company will sell a 95 percent stake in Toshiba Visual Solutions to Hisense Electric for $113.6 million. Toshiba will keep a 5 percent stake.<p>Toshiba is struggling hard …

Gear & Gadgets

Toshiba sells its TV unit to Hisense

Toshiba has been shedding its departments for a few years to streamline operations and recoup losses after its 2015 accounting scandal. Sony bought out its sensor business in 2015 for $155 million and Bain Capital (of all entities) just purchased its NAND flash memory department for $18 billion. …

Toshiba sells TV unit to Chinese group for $114m

in Tokyo<p>Toshiba is to sell its television business in its latest effort to raise emergency funds, parting ways with a division that once symbolised …

Western Digital

Toshiba Corp. ADR 2017 Q2 - Results - Earnings Call Slides

The following slide deck was published by Toshiba Corp. ADR in conjunction with their 2017 Q2 earnings call.<p>139<p>Click to enlarge

Business

Nikkei drops amid tech share weakness, Toshiba hit

TOKYO, Nov 10 (Reuters) - Japan's Nikkei share average fell on Friday, with tech shares hurt after a drop by their U.S. counterparts, while Toshiba …

Markets

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Friday.<p><b>1. Britain’s government said on Thursday it would use legislation to fix the time and date of the country’s European Union exit, addressing concerns of Brexiteers who fear slow negotiations and opposition to the divorce could cause</b> …

Markets

Toshiba eyes ¥600 billion capital injection to prevent delisting if deal for chip unit delayed

Toshiba Corp. is considering raising at least ¥600 billion ($5.3 billion) in new capital to prevent its shares from being delisted in case the sale …

Venture Capital

Japan's struggling Toshiba logs $436 mn loss in first half

Troubled Japanese conglomerate Toshiba said Thursday it logged a net loss of $436 million for the fiscal first half, as it moves to complete the …

Markets

Don't Dream It's Over, Toshiba - Bloomberg Gadfly

Something still doesn't add up at Toshiba Corp.<p>The Japanese conglomerate on Thursday pledged to speed up investments in its memory-chip unit as …

Business