Toshiba undecided on privatisation amid talks with investors

Toshiba’s board is yet to reach a decision on whether the troubled conglomerate should pursue going private, as talks with investors on the company’s strategic direction continue.

The board “has not yet decided on the most appropriate course of action and is continuing to explore feasible strategic alternatives,” Toshiba said Wednesday. Its panel exploring strategic alternatives has been engaged in active dialogue with potential investors, but there are “multiple issues” related to a potential privatization to be resolved, the company said.

Toshiba started weighing options including privatization in May after weeks of takeover discussions sparked by private equity firm CVC Capital Partners’ $21 billion acquisition bid.