Toshiba Corporation is a multinational electronics company that deals in industrial and social infrastructure systems like elevators, escalators, semi-conductors, batteries, printers, medical equipment’s, personal computers, home appliances, hard disk drives, etc. The company is headquartered in Tokyo, Japan, and was founded in 1875.
According to recent reports, Toshiba has announced a $14 billion USD deal to sell over 70% of its shares to private investors. The tender offer was made in August 2023 by TBJH Inc (an investment holding corporation headquartered in Tokyo) for the purchase of 340,459,163 company shares, making it the new parent company as a majority shareholder. The report further mentioned that the settlement commencement date has been slated for September 27 2023, an acquisition that will have the company delisted from the Tokyo and Nagoya Stock Exchange.