Japan chip giant Rohm to invest $722 mln in Toshiba buyout group

TOKYO: Rohm co said on Tuesday it will invest 100 billion yen ($722.33 million) in the group led by Japan Industrial Partners that is launching a tender offer for Toshiba Corp.

Rohm also plans to underwrite 200 billion yen of non-voting preferred stock issued by TBJ Holdings which will be set up by the Japan Industrial Partners for the tender offer of Toshiba.