Whew... Toshiba rustles up $5.4bn to avoid delisting

Beleaguered Toshiba, facing a Tokyo stock exchange deadline, has planned a $5.4bn share issue to avoid a delisting threat. Reuters reports it is also considering selling the assets of its bankrupt Westinghouse nuclear power station building business which plunged it into the financial mess threatening to kill it. Tosh is a …

[Primus Secundus Tertius]

Misleading headline

Tosh has not yet actually "rustled up" the money. They plan to sell shares, but who is going to buy?

[swschrad]

I have an even more pungent question

who in their right (corporate) mind would even consider buying Westinghouse Nuclear? no projects, bad purchases of incompetent contractors, a definite stink about them. the A1000 is under question, and the Chinese have a clone of the process underway, and the prospect of underbidding everybody. just because something is up for sale does not mean it's worth taking.

[Captain DaFt]

who in their right (corporate) mind would even consider buying Westinghouse Nuclear? no projects, bad purchases of incompetent contractors, a definite stink about them. the A1000 is under question, and the Chinese have a clone of the process underway, and the prospect of underbidding everybody. just because something is up for sale does not mean it's worth taking.

In other News, HP executives bid 60 billion USD for Westinghouse Nuclear.

A lawyer for HP stated: "The prospects for HP entering the nuclear market could rival our purchase of Autonomy. Just think of the lawsuits!"