The special committee has been lined up; barrels of financial dry powder stand ready; talks with potential buyout bidders have begun. Finally, it seems, the auction process that could chart a new course for Toshiba, industrial Japan and private equity dealmaking in Asia is under way.
But it very nearly wasn’t.
A charitable take on things would be that Toshiba — a 146-year-old industrial masterpiece that fancies itself as the “Mona Lisa” but more often comes across as “The Scream” — has reached this important landmark via the scenic route.
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