Toshiba buyout pushed back to Aug due to delay in regulatory approval

Toshiba

28/07/2023 07:52

TOKYO, July 28 (Reuters) - Toshiba Corp  6502.T  said on
Friday a group led by Japan Industrial Partners (JIP) is
expected to launch a tender offer for the industrial
conglomerate "sometime in August 2023", a delay from late July. 
    Toshiba said in a statement that procedures under foreign
competition laws and regulations in some jurisdictions are
expected to be completed only after Aug. 1.

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