Toshiba board recommends shareholders support tender offer by JIP-led consortium (updated)

Toshiba

08/06/2023 03:40

(Adds background on earlier stance by Toshiba board)
       TOKYO, June 8 (Reuters) - Japan's Toshiba Corp  6502.T 
said on Thursday its board of directors decided to recommend
shareholders to take up a tender offer by a consortium led by
private equity firm Japan Industrial Partners (JIP).  
    Toshiba's board earlier this year accepted the buyout offer,
which would value the Japanese electronics conglomerate at 4,620
yen a share or 2 trillion yen ($14.29 billion) in total, but did
not go as far as recommending shareholders to tender their
shares.

($1 = 139.9100 yen)

 (Reporting by Kiyoshi Takenaka
Editing by Chang-Ran Kim and Shri Navaratnam
)
 ((kiyoshi.takenaka@thomsonreuters.com; +81 3 4563 2788;))