Toshiba will leave the Stock Exchange after its takeover by a Japanese consortium

Published on Sep 21, 2023 at 8:52 amUpdated September 21, 2023 at 8:57

The Japan Industrial Partners fund, supported by a pact of large Japanese industrialists such as Toray, Chubu Electric, Rohm Co and Orix, announced this Thursday that it had successfully completed its public purchase offer, for around 2,000 billion of yen (12.7 billion euros), of the Toshiba group, and that he would now be able to completely take it out of the Stock Exchange.

In August, these buyers proposed to the shareholders of the conglomerate, listed in Tokyo, to buy back each of their shares at the price of 4,620 yen, which represented, at the time, a price very slightly higher than its share price. In total, the consortium managed to acquire 78.65% of all the company’s shares, a percentage much higher than the 66.7% of the capital it needed to am to legally complete the buyout and initiate , by the end of the year, a withdrawal from the Stock Exchange.

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