Toshiba Board Recommends Shareholders Take Up JIP Led $14 Bln Buyout Offer

Japan’s Toshiba Corp (6502.T) 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). The move sheds some light on the path forward for the scandal-ridden conglomerate, which has struggled recently. The board earlier this year accepted … Continue reading Toshiba Board Recommends Shareholders Take Up JIP Led $14 Bln Buyout Offer