US EditionToshiba: Troubled electronics and energy giant to leave stock market after more than 70 years
- Troubled electronics and energy giant Toshiba, one of Japan's oldest and biggest firms, is set to become a private company after over 70 years on the stock market. The company will switch to its new parent company TBJH Inc, delist from the Tokyo Stock Exchange, and end its history as a listed company.
- Toshiba's privatization comes after a series of challenges, including a sprawling accounting scandal in 2015 and losses in its nuclear energy business. The company also faces the daunting task of decommissioning the Fukushima nuclear power plant. Despite the delisting, Toshiba's CEO is determined to improve its value.
- A consortium led by Japan Industrial Partners has purchased a majority stake in Toshiba, allowing the company to go private. The deal is worth $14bn and is expected to be completed by the end of this year. Toshiba's long history and stock market presence will come to an end as it embarks on a new future with its new shareholder.
29 Articles
29 Articles
Japan's troubled Toshiba to delist after takeover by Japanese consortium succeeds
A 2 trillion yen ($14 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said Thursday. In the tender offer, announced last month and ended Wednesday, the number of shares purchased ...
Japan’s troubled Toshiba to delist after takeover by Japanese consortium succeeds
TOKYO >> A 2 trillion yen ($14 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said Thursday.
Troubled Toshiba to delist after takeover by Japanese consortium succeeds
A 2 trillion yen ($14 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said Thursday. In the tender offer, announced last month and ended Wednesday, the number of shares purchased exceeded…
Toshiba to delist after takeover by Japanese consortium succeeds
TOKYO — A 2 -trillion yen ($14 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said Thursday. In the tender offer, announced last month and ended Wednesday, the number of shares purchased exceeded the minimum needed,
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