Toshiba's preferred bidder offers to pay price short of key 6,000 yen a share

Toshiba's preferred bidder offers to pay price short of key 6,000 yen a share

A man walks on a Toshiba advertisement at an electronics shop in Tokyo September 30, 2015. REUTERS/Toru Hanai

The preferred bidder to buy out Toshiba Corp has offered to pay less than the widely regarded threshold of 6,000 yen a share, two sources said, indicating the premium for the Japanese conglomerate may not be as rich as investors had hoped.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter