Toshiba may slip down in the history for the second time. The foreign buyout groups are ready to offer $22 billion (¥3 trillion) to the Japanese company. If the deal takes place, it is going to be Japan’s biggest take over. However, the second largest would be purchase of Bain’s memory chip unit four years ago.
Thus, The Yen’s weakness will boost the foreign purchasing capacity. This will attract the overseas investors with out much effort. There was scarce in Japan, despite low valuations, government’s hesitation and cultural hurdles are to be blamed.
The offer to buy is not a surprise as in past many such instances was approaching Toshiba. However, they have turned down the offer. But What has changed as of now?
The yen has hit a 24 year low against the dollar. The value of the...
