Toshiba is reporting a 7 per cent rise in shares, in response to a proposed 19 billion dollar buyout bid
A private equity firm has been given the preferred status in a second round of bidding after a troublesome time for the Tokyo company.
The company has been hit by accounting and governance scandals in recent years.
Many shareholders have also been at odds with management over the direction of the company.
It’s believed the deal isn’t finalised, with many players still at the table.
Toshiba hasn’t commented on the matters
