Japan s Toshiba on Thursday said current president Taro Shimada will remain in the post after the company goes private, while private equity firm Japan Industrial Partners will appoint four executives including a vice president.
Toshiba Corp. shareholders approve a consolidation of the company's shares at an extraordinary meeting, paving the way for its delisting from the Tokyo Stock Exchange on Dec. 20 and marking the end of its 74-year history as a public company.
Toshiba Corp's shareholders approved a consolidation of the company's shares at an extraordinary meeting Wednesday, paving the way for its delisting from the Tokyo Stock Exchange on Dec 20 and marking the end of its 74-year history as a public company. The move will allow a consortium led by Japan…
A 2 trillion yen ($13.5 billion) takeover bid for Toshiba Corp. by a consortium led by Japan Industrial Partners Inc. has succeeded, the Tokyo-based fund group says, paving the way for the troubled conglomerate to end its 74-year history as a listed company and rebuild itself as a private firm.
The Japanese company Toshiba is going private after a consortium tender offer of $13.5 billion took control of the company, according to a Toshiba statement Thursday.