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Toshiba Shareholders Approve $13.5 Billion Deal to Take Company Private

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The Japanese industrial conglomerate’s stock is expected to be delisted after almost 80% of shareholders agreed to a private-equity firm’s tender offer.

Sept. 20, 2023 11:28 pm ETA tender offer by a group led by JIP for Toshiba ended in success, with almost 80% of shareholders agreeing to the deal.said Thursday that a $13.

5 billion tender offer to take the company private ended successfully, concluding a long period of turmoil over the future of the Japanese industrial conglomerate.Continue reading your article with

 

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