Toshiba Corp. has selected a group of companies led by a Tokyo-based fund as the preferred bidder for a potential buyout of the Japanese conglomerate, with 2.8 trillion yen ($19.1 billion) seen as the desired purchase price, sources familiar with the matter said Wednesday.The fund, Japan Industrial Partners Inc., has asked several companies, including Chubu Electric Power Co. and Orix Corp., to invest in the effort to rebuild the troubled conglomerate, with the latter set to agree, the sources said.With an eye to delisting the conglomerate upon a possible buyout, the fund-led group will nee…READ FULL ARTICLE
