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Published 2 months ago

Toshiba is going private in a $13.5bn private equity buyout, ending a 74-year run as a listed company

Summary by Ground News
Japan Industrial Partners Inc. successful tender offer for Toshiba Corp. paves the way for a $13.5 billion buyout. Toshiba, whose roots go back to 1875, said Thursday the JIP-led consortium now holds 78.65% of all its shares. Delisting from the Tokyo Stock Exchange would close a troubled decade at the firm.

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