Toshiba board recommends shareholders support JIP-led $14 billion buyout

FILE PHOTO: The logo of Toshiba Corporation is displayed at the company's building in Kawasaki, Japan, April 5, 2023. REUTERS/Androniki Christodoulou

TOKYO (Reuters) -Japan's Toshiba Corp said on Thursday its board of directors has decided to recommend shareholders take up a tender offer from a consortium led by private-equity firm Japan Industrial Partners (JIP).

Toshiba plans to hold an online press conference to discuss the tender offer at 0400 GMT.

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