TOKYO—Japan’s beleaguered Toshiba Corp. said on May 13 that it has received interest from 10 potential investors after soliciting buyout offers.
The conglomerate, long under pressure from activist shareholders, also announced a special dividend worth some $545 million, the second year in a row it has issued such a payout.
Toshiba, which has since 2015 been tormented by accounting and governance crises, set up a special committee last month to explore strategic options including potential deals to go private after shareholders voted down a management-backed restructuring plan.
Toshiba, whose businesses span nuclear energy, infrastructure, devices, and semiconductors, said 10 potential investors had signed confidentiality pledges, without identifying them. They have been given detailed financial information and the deadline for submitting non-binding proposals is May 30.
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