JIP set to launch $14b tender offer for Toshiba on Tuesday

JIP set to launch $14b tender offer for Toshiba on Tuesday

FILE PHOTO: The logo of Toshiba Corp is seen behind a traffic signal at its headquarters in Tokyo, Japan January 27, 2017. REUTERS/Toru Hanai/File Photo

Toshiba said on Monday a group led by private equity firm Japan Industrial Partners (JIP) would launch a $15-billion tender offer on Aug. 8 to take the industrial conglomerate private and put it in domestic hands.

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