Tagged With "Mizuho"

A $3 billion restructuring plan for Japanese electronics firm Sharp Corp is likely to be finalised as early as this week, a person with direct knowledge of the discussions said on Tuesday. State-backed fund Innovation Network Corporation of Japan (INCJ) is leading the bailout, which would be Sharp's third major package in three years, and would invest more than 200 billion yen ($1.7 billion) in the plan, the source added, confirming earlier media reports. The Osaka-based company is also...

Toshiba Corp ( 6502.T ), reeling from a $1.3 billion accounting scandal, intends to ask for an additional 300 billion yen ($2.49 billion) in credit lines by the end of January to fund a large-scale restructuring, the Nikkei business daily reported. Toshiba is likely to approach multiple financial institutions including Mizuho Bank and Sumitomo Mitsui Banking Corp, Nikkei reported, citing Chief Financial Officer Masayoshi Hirata. ( s.nikkei.com/1YJLltx ) The company, which overstated profits...

- Xerox’s sent letter to HP’s board of directors January 6 saying Xerox has secured $24 billion in financing to acquire HP o Banks providing financing include; Citibank, Mizuho, and Bank of America - Xerox is not relenting in its unsolicited offer to acquire the larger HP o HP shareholders would get $22 per share, including $17 in cash and 0.137 Xerox shares for each HP share to give HP shareholders 48 percent of the combined company o HP rejected Xerox’s offer by stating:  "Your letter...

TOKYO -- Growing mistrust and frustration among regional banks is adding another layer of uncertainty to Toshiba 's future, as smaller lenders protest what they see as favorable treatment of major banks, forcing the company to redraw its refinancing timetable. Toshiba, in the midst of a deep financial crisis, has offered creditors fresh collateral as an incentive to roll over existing lines of credit. The Tokyo-based company's plan would put up shares in Toshiba Memory, a new unit to be...

Fujitsu, JCB, and Mizuho Bank to Test Digital Identity Interoperability TOKYO, Oct 15, 2020 - (ACN Newswire) - Fujitsu Limited, JCB Co., Ltd. and Mizuho Bank, Limited. today announced a joint demonstration trial aimed at further advancing a digital society in which digitally managed information attributable to individuals (i.e. ID information) can be safely and securely transacted online, distributed and linked between different industries. Image of the demonstration system In the...