Toshiba will go private after takeover bid succeeds
TOKYO, Japan: This week, Toshiba revealed that a tender offer worth US$14 billion from Japan Industrial Partners (JIP) was a success.
The deal with the private equity firm will pave the way for the embattled industrial conglomerate to go private.
After it tendered 78.65 percent of shares in the 148-year-old electronics-to-power stations maker, the JIP-led consortium now has a majority of more than two-th