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

Technology
Thursday, 08 Jun 2023
10:40 AM MYT

Related News

Technology 19 Jun 2025

Apple eyes using AI to design its chips, technology executive says

Myanmar 16 Jun 2025

Myanmar and China discuss cooperation in science and technology development

Markets 16 Jun 2025

Valet Technology eyes 1Q26 listing on ACE Market

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.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

~~RM13.90/month~~
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

~~RM12.33/month~~
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Topic:

Technology

Is this article useful?

Report a mistake

What is the issue about?

Spelling and grammatical error

Factually incorrect

Story is irrelevant

Email (optional)

Thank you for your report!

Next In Tech News

Others Also Read

starplus21 Jun 2025

Small families, big expectations: privilege, pressure and the price of shrinking families

Tennis41m ago

Tennis-Murray to be immortalised with statue at Wimbledon

Singapore57m ago

Tourist who used another person’s debit card to buy goods worth over S$300,000 in Singapore gets four years’ jail

STARPICKS

HUAWEI MatePad Pro 12.2”(2025): PC-level experience, a genius design for business and professionals on- the-go

Children2h ago

Kids with ADHD often have problems with urination

Entertainment2h ago

HK actor Bowie Wu, 93, regrets not gifting his wife flowers when she was alive

Indonesia2h ago

Three Brits face one year in prison over Bali drug charges

Nation3h ago

Qatar's initiative to broker ceasefire successfully defused tensions in Middle East, says Anwar

Football3h ago

Soccer-Middlesbrough appoint Edwards as head coach

AseanPlus News3h ago

'Thank You, Malaysia' Indonesian legendary singer Kris Dayanti overwhelmed with local fans at her nostalgia concert

Indonesia4h ago

Jokowi’s health draws attention during birthday celebration

AseanPlus News4h ago

Furry friends become celebrities: Malaysian cats are now television fashion icons

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWHC	0.145	0.145	0.115	0.120	-0.040	-25.00	1,013,700
HSI-PWHT	0.110	0.110	0.095	0.100	-0.015	-13.04	941,383
HSI-CWEY	0.165	0.220	0.165	0.220	0.060	37.50	898,274
HSI-PWFZ	0.160	0.165	0.135	0.145	-0.035	-19.44	830,671
HSI-CWGS	0.140	0.155	0.140	0.150	0.040	36.36	713,521
HSI-CWEZ	0.080	0.090	0.075	0.090	0.015	20.00	568,756
HSI-CWGB	0.140	0.170	0.135	0.160	0.030	23.08	521,634
TANCO	0.925	0.945	0.925	0.940	0.020	2.17	498,975
RL	0.430	0.435	0.310	0.310	-0.120	-27.91	454,064
CKI	1.090	1.110	1.080	1.080	0.000	0.00	427,293
NEXG	0.350	0.360	0.350	0.355	0.005	1.43	412,347
HSI-PWHG	0.100	0.100	0.095	0.095	-0.020	-17.39	403,834
MYEG	0.910	0.930	0.905	0.920	0.020	2.22	357,310
DNONCE	0.030	0.035	0.030	0.030	0.000	0.00	262,554
KPJ	2.630	2.640	2.520	2.520	-0.100	-3.82	255,125

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