Toshiba that a $14b tender offer from PE firm JIP had ended in success - a deal which paves the way for the embattled industrial conglomerate to go private.
The JIP-led consortium saw 78.65% of Toshiba shares tendered, giving the group a majority of more than two-thirds which would be enough to squeeze out remaining shareholders.
The JIP-led consortium saw 78.65% of Toshiba shares tendered, giving the group a majority of more than two-thirds which would be enough to squeeze out remaining shareholders
Toshiba said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success a deal which paves the way for the embattled industrial conglomerate to go private.
TOKYO Toshiba said on Thursday (Sept 21) that a US$14 billion (S$19 billion) tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success a deal which paves the way for the embattled industrial conglomerate to go private. The JIP-led consortium saw 78.65 per cent of Toshiba shares tendered, giving the group a majority of.