Companies
Successful $13.5bn buyout sees Toshiba going private
The Tokyo-based company’s delisting from the Tokyo Stock Exchange would close a troubled decade at the firm,
Private equity fund Japan Industrial Partners’s successful tender offer for Toshiba paves the way for a ¥2 trillion ($13.5 billion) buyout that would end the electronics group’s 74-year-long run as a listed entity.
Toshiba, whose roots go back to 1875, said Thursday the JIP-led consortium now holds 78.65 per cent of all its shares. That clears the way for the domestic fund to squeeze out the remaining shareholders and take full control of the company ...
