Toshiba has agreed to a deal to take itself private, marking the conclusion of years of turmoil at the conglomerate
Visitors explored the Toshiba booth at the International Nanotechnology Exhibition and Conference in Tokyo last month.March 23, 2023 7:15 am ET
TOKYO—Japanese industrial conglomerate Toshiba Corp. said Thursday it has agreed to a deal worth ¥2 trillion, equivalent to $15 billion, toToshiba said the buyout would be led by Japan Industrial Partners Inc., a Tokyo-based investment fund. It said the buyers were offering ¥4,620 a share, about 10% above the closing price of ¥4,213 in Tokyo Stock Exchange trading Thursday. That values the company at about ¥2 trillion.
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