A bidding war for Toshiba (TYO:6502) subsidiary Toshiba Medical is reportedly heating up among a slew of private equity players and rival corporations.
Toshiba, which said last month that it’s seeking outside investors to buy a stake in the healthcare business amid laying off nearly 7,000 workers, wants to focus on its core nuclear energy and chip businesses.
Private equity shops KKR and Bain Capital and Toshiba rivals Fujifilm Holdings (TSE:4901) and Canon (NYSE:CAJ) are in the running for a controlling share in Toshiba Medical, people familiar with the process told Reuters today.
Toshiba, which said last month that it’s seeking outside investors to buy a stake in the healthcare business amid laying off nearly 7,000 workers, wants to focus on its core nuclear energy and chip businesses.
Private equity shops KKR and Bain Capital and Toshiba rivals Fujifilm Holdings (TSE:4901) and Canon (NYSE:CAJ) are in the running for a controlling share in Toshiba Medical, people familiar with the process told Reuters today.
