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Japan’s Rohm, Suzuki Motor join Toshiba buyout bid -Nikkei

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Reuters UK

TOKYO (Reuters) -Japanese chipmaker Rohm Co Ltd and automaker Suzuki Motor Corp have joined a proposal by private equity fund Japan Industrial Partners (JIP) to take over Toshiba Corp, the Nikkei newspaper reported on Wednesday. Kyoto-based Rohm will invest about 300 billion yen ($2.14 billion) in the buyout proposal, Nikkei said, citing multiple sources it did not name. Rohm was considering joining the JIP consortium for the buyout, but nothing had been decided, including the amount it reportedly would be investing, a Rohm spokesperson said. Construction firm Taisei Corp will also join the pr…

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