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News Breaks
December 9, 2012
21:54 EDTTOSYYToshiba wins EPC contract for HVDC power conversion system
Toshiba announced that Toshiba and Toshiba T&D Europe ,TTDE, a subsidiary located in Genoa, Italy have won an Engineering, Procurement and Construction, EPC, contract for a High Voltage and Direct Current, HVDC, power conversion system for an undersea power transmission line between Cepagatti, Italy, and Kotor, Montenegro. The project will deliver a maximum 1,000MW of power to Cepagatti and will contribute to the integration of the Southeastern Europe and EU power grids. Toshiba will initiate construction of the project in September 2013 and start delivery of equipment in April 2015. Conversion stations along the route are expected to start operation in September 2017.
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February 9, 2016
06:28 EDTTOSYYINCJ pitches Sharp on intention for smart home-appliance giant, Bloomberg says
Innovation Network Corp. of Japan is trying to pitch Sharp's (SHCAY) board on intentions to establish a Japanese smart home-appliances giant, Bloomberg reports, citing people with knowledge of the matter. The move is an effort from the state-backed fund to convince Sharp to accept its bailout offer over a rival offer from Foxconn (HNHPF), the report says. INCJ also is preparing an offer for Toshiba's (TOSBF) white-goods business, which it would then combine with Sharp, the report says. Reference Link
February 4, 2016
06:37 EDTTOSYYToshiba to purchase land to expand flash memory output, DigiTimes reports
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January 27, 2016
06:53 EDTTOSYYKKR, Bain, Fujifilm to make offers for Toshiba Medical, Reuters reports
KKR (KKR), Bain Capital, and Fujifilm (FUJIY) are among possible bidders for a medical equipment unit of Toshiba (TOSBF) in a deal that could be valued as high as $3B, Reuters reports, citing people familiar with the process. Reference Link

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