Toshiba to Delist After $13.5bn Takeover by JIP and Allies

Toshiba to Delist After $13.5bn Takeover by JIP and Allies

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Toshiba said on Thursday a takeover offer by private equity firm Japan Industrial Partners and allies has won control of the group. The JIP consortium, said to include 17 Japanese firms and six local banks, made a tender offer for 78.65% of Toshiba shares that was valued at $13.5 billion (about 2…

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