Toshiba Corp's board on Thursday accepted a buyout offer from a group led by private equity firm Japan Industrial Partners (JIP), ending months of speculation over whether the investors would be able to take it private.
from a group led by private equity firm Japan Industrial Partners , ending months of speculation over whether the investors would be able to take it private.
Dec. 2016 - Toshiba says it will take a charge of several billion dollars related to a nuclear power plant construction company that U.S. unit Westinghouse Electric had bought a year earlier. The company is desperate to close the deal by the end of the financial year in March to help right its finances and avoid a potential delisting., its partner in a chip joint venture. Antitrust reviews are expected to take months.
, later reveals widespread failure to count all valid votes at AGMs of client firms over past two decades. Nov. 2021 - Toshiba says it will split into three companies, one for energy, one for infrastructure and the third to manage its Kioxia stake.March 1, 2022 - CEO Satoshi Tsunakawa resigns. Taro Shimada, a former Siemens AG executive who joined in 2018, appointed as interim CEO to proceed with the spin-off plan.
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