JIP gains 78.65% stake in Toshiba through tender offer

Orix

21/09/2023 24:40

TOKYO, Sept 21 (Reuters) - A consortium led by private
equity firm Japan Industrial Partners (JIP) acquired 78.65% of
Toshiba  6502.T  through a tender offer, the company said,
coming a step closer to completing the $14 billion deal to take
the company private.
    Ownership of more than a two-third majority would be enough
for the JIP group to squeeze out remaining shareholders. Toshiba
is now set to be delisted as early as December, ending its
74-year history as a listed firm.

 (Reporting by Makiko Yamazaki; Editing by Kim Coghill)
 ((Makiko.Yamazaki@thomsonreuters.com; +81-3-4563-2805;))