Toshiba Corp.'s Major Shareholder Effissimo to Tender Shares in Buyout Proposal, Reuters Reports
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Dow Jones
--Toshiba Corp.'s major shareholder Effissimo Capital Management has decided to sell its stake in the tender offer made by Japan Industrial Partners-led group, Reuters reported Friday, citing an unnamed source.
--The Singapore-based asset manager held a 9.9% stake in Toshiba, according to a regulatory filing by Effissimo on Thursday.
Full story: https://www.reuters.com/markets/deals/toshibas-no1-shareholder-sell-shares-jip-offer-source-2023-09-15/
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
September 15, 2023 03:31 ET (07:31 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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