- Japanese chipmaker Rohm Co Ltd is planning to join Toshiba Corp (OTC:TOSYY) buyout proposal.
- Rohm will join a consortium led by private equity fund Japan Industrial Partners (JIP), which is currently chalking out a proposal.
- The chipmaker is planning to contribute about ¥300 billion out of the proposed ¥2.2 trillion acquisition, Reuters reported.
- The JIP, is reportedly seeking about ¥1.4 trillion from banks and is also urging companies, including Chubu Electric Power Co Inc and Orix Corp, to join the bid.
- JIP’s rival group Japan Investment Corp (JIC), meanwhile has received approval to increase the fund side to ¥900 billion from ¥200 billion.
- Rohm and Toshiba manufacture power management chips for electric cars, electronic devices, and industrial equipment.
- Price Action: TOSYY shares closed higher by 0.38% at $17.31 on Tuesday.
- Photo Via Wikimedia Commons
Hawaiian Holdings Q3 EPS $(0.15) Beats $(0.19) Estimate, Sales $741.15M Miss $744.51M Estimate
Hawaiian Holdings (NASDAQ:HA) reported quarterly losses of $(0.15) per share which beat the analyst consensus estimate of $(0.19) by 21.05 percent. This is a 84.21 percent increase over losses of $(0.95) per share from
