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. 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.
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