$13.5 billion tender offer completed, Japanese century-old giant Toshiba to be delisted
Hawk_Finance
2023-09-25 17:47:36
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On September 21, Toshiba announced that a $15 billion tender offer led by private equity fund Japan Industrial Partners (JIP) had been successful, with more than half of its shareholders participating in the acquisition, reaching the threshold of taking the company private.。JIP currently holds 78.65% stake, after the completion of the transaction, Toshiba will be delisted from the Tokyo Stock Exchange.。According to media reports, the delisting will be completed as soon as this year, when Toshiba's 74-year history of listing will come to an end.。
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