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Toshiba board accepts JIP’s 2 trillion yen buyout proposal

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23 Mar 2023 06:03:11 GMT9
23 Mar 2023 06:03:11 GMT9

TOKYO: The board of Toshiba Corp. voted on Thursday to accept a takeover bid from a group led by investment fund Japan Industrial Partners Inc.

JIP plans to acquire all shares in the Japanese electronics and machinery company through a tender offer and take it private in a deal estimated at around 2 trillion yen.

JIJI Press

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