By Kosaku Narioka
Shares of Toshiba Tec and Ricoh Co. rose sharply early Friday on information that the businesses have been contemplating merging their manufacturing of workplace printers.
Toshiba Tec shares have been lately 11% larger at 4,235 yen ($30.53) and Ricoh shares have been up 6.6% at Y1,123.
The Toshiba Corp. unit and Ricoh stated their boards have been anticipated to debate merging the event and manufacturing of workplace printers later within the day, however added that nothing had been determined up to now.
Statements by the 2 firms adopted studies from Nikkei and different native media that they have been organising a brand new three way partnership in 2024, integrating their manufacturing, design and growth capabilities for workplace printers.
Ricoh plans to take a majority stake within the new three way partnership, the Nikkei report stated.
Write to Kosaku Narioka at [email protected]
