Toshiba to delist after takeover

By Associated Press

Sep 22, 2023 12:18 am

TOKYO: A 2-trillion-yen ($14-billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said on Thursday.

In the tender offer, announced last month and ended on Wednesday, the number of shares purchased exceeded the minimum needed, at 78.65 percent, it said.

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