Welcome to The Deal Pipeline's Deal of the Day. Shot on the trading floor of the New York Stock Exchange, we bring you an in-depth look at the terms, advisers and vital information on a specific transaction from The Deal Pipeline's database.
For Tuesday, April 17, we look at Japan's Toshiba Tec Corp.'s $850 million deal for a unit of IBM Corp. that supplies cash registers to retailers. IBM looked to Cravath, Swaine & Moore LLP for legal counsel in this transaction. As a result of the deal, Toshiba will reportedly push the IBM business, along with a few other companies, into a holding company in which it will hold an 80.1% stake; IBM will start off with a 19.9 percent stake.
Below are links to key content from The Deal Pipeline regarding aspects of this transaction. - Sarah Hashim-Waris
The Deal Pipeline article: Toshiba Tec rings up $850M deal with IBM
M&A page: Toshiba Corp.