Toshiba's preferred bidder offers to pay price short of key 6,000 yen a share

Toshiba's preferred bidder offers to pay price short of key 6,000 yen a share

A man walks on a Toshiba advertisement at an electronics shop in Tokyo September 30, 2015. REUTERS/Toru Hanai

The preferred bidder to buy out Toshiba Corp has offered to pay less than the widely regarded threshold of 6,000 yen a share, two sources said, indicating the premium for the Japanese conglomerate may not be as rich as investors had hoped.