A new era has begun for Toshiba, which has not been able to get rid of the problems it has been experiencing for years. The company turned into a “boss company” after the last share purchases. Toshiba is expected to withdraw from the stock market.
Dating back to the 1800s toshibahas been going through a painful process, especially in the last few years. Disagreements within the company and falling revenues brought Toshiba to the brink of extinction. However, the deep-rooted past prevents the feared from happening. blocked. Still, what happened caused great wounds to Toshiba.
The latest news comes from the technology giant’s Tokyo Stock Exchange (TSE). can be withdrawn It makes you think. Because Toshiba, the consortium led by the private equity company Japan Industrial Partners, 78.65 percent He announced that he bought it for 14 billion dollars. Thus, there are no investors left for more than two-thirds of Toshiba.
Toshiba has become the “boss company”
The fact that Toshiba has been cleared of investors and the majority of its shares remain in the hands of only one group means that the company “boss company“. This means that the shares listed on the TSE since 1949 can be withdrawn from the stock exchange. The withdrawal from the stock exchange will not take place immediately, but towards the end of the year Everything is expected to become clear.
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Source :
https://www.reuters.com/markets/deals/jip-gains-7865-stake-toshiba-through-tender-offer-2023-09-20/