Toshiba Looking To Sell Its Medical Unit, Expected To Receive 'Aggressive Bids'


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


According to Reuters, Toshiba Corp is looking to sell its entire medical equipment unit that could be valued at more than $3.5 billion.

Reuters, citing "people familiar with the sale process," stated that "aggressive bidding" could place a price tag of up to $4.4 billion for the unit given strong demand for medical businesses with high growth prospects. Meanwhile, Toshiba continues to struggle and a deal is seen as being "crucial" to bolsters its finances.

Reuters added that potential firms that may be interested in acquiring the unit include KKR & Co. L.P. (NYSE: KKR) as well as Canon Inc, Fujifilm Holdings and Konica Minolta.

Finally, Reuters noted that deadlines for bids to acquire the unit is set for Friday.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: NewsRumorsAsset SalesTechMedical CompaniestoshibaToshiba Medical Equipment