Trending: Toshiba's $13.5 Billion Takeover Deal Succeeds
0556 GMT - Toshiba Corp. is one of the most mentioned companies in the news over the past six hours, according to Factiva data, after a $13.5 billion deal to take the Japanese industrial conglomerate private ended successfully. About 79% of Toshiba's shareholders tendered their shares at the offered price of 4,620 yen a share. The stock is expected to be delisted from the Tokyo Stock Exchange. Toshiba in March agreed to a takeover proposal by a consortium led by private-equity firm Japan Industrial Partners. The deal caps years of turmoil at Toshiba that began with an accounting scandal in 2015 and included the 2017 bankruptcy filing by its U.S. nuclear subsidiary, Westinghouse Electric. Dow Jones & Co. owns Factiva. (farah.elias@wsj.com)
(END) Dow Jones Newswires
September 21, 2023 02:11 ET (06:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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