Toshiba shares jump 5% after Japanese conglomerate opens door to buyout

Toshiba shares jump 5% after Japanese conglomerate opens door to buyout

PHOTO: REUTERS/Yuriko Nakao/File Photo

Shares of Toshiba Corp jumped nearly 5% in Tokyo trade on Friday, after the embattled Japanese conglomerate said it would solicit deal offers, including on a potential buyout, bolstering hopes of a lucrative exit for its hedge fund investors.

Bring stories like this into your inbox every day.

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