JIP consortium moves closer to taking Toshiba private after tender offer

JIP consortium moves closer to taking Toshiba private after tender offer

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

A consortium led by private equity firm Japan Industrial Partners (JIP) gained 78.65% of Toshiba through a tender offer, Toshiba said, coming a step closer to completing a $14 billion deal to take the company private.

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