It’s Official: Toshiba Now Private Company
As of today, Toshiba Corporation of Japan has been delisted from the Tokyo Stock Exchange, ending its 74-year history as a private company.
In October, a majority of Toshiba shareholders accepted a $14 billion buyout offer from a consortium of investors led by Japan Investment Partners (JIP). As a result, Toshiba has become a private company and was today delisted from the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange.
The company began soliciting buyout offers last year after a series of challenging losses in the last several years, with its board eventually selecting the JIP consortium.
Toshiba CEO Taro Shimada will continue to lead the company.
More Resources
- November 2023: Toshiba Shareholders Approve Plan to Go Private
- November 2023: Toshiba Reports Losses as it’s Set to Delist from Tokyo Stock Exchange
- October 2023: Toshiba Scheduled to Become Private Company By December 20th
- September 2023: JIP Consortium Acquires Majority of Toshiba Shares, Toshiba to Become Privately Held Company
- August 2023: Toshiba Announces Loss, Beginning of Buyout Offer Process
- May 2023: Earnings Down 35 Percent at Toshiba as Company Prepares for Buyout
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