Japan Industrial Partners

Toshiba says JIP's US$14 billion tender offer set to succeed

A US$14 BILLION tender offer to take Toshiba private is set to succeed, the Japanese company said on Wednesday (Sep 20), clearing a way for Japan’s biggest deal this year.

A sale to the JIP-led group would mean Toshiba’s nuclear power business, which is deemed important to national security, wouldn’t pass into foreign hands.

Toshiba announces offer from JIP as saga enters its final stages

TOSHIBA said it received an offer from a Japanese group as the conglomerate moved a step closer to ending a troubled chapter in its 148-year history – after a series of scandals plunged it into diffic...

FILE PHOTO: The logo of Toshiba Corp. is displayed atop of the company's facility building in Kawasaki, Japan June 24, 2022.  REUTERS/Issei Kato/File Photo

Toshiba bidder JIP still hasn’t secured firm commitments from lenders, sources say

THE preferred bidder for Toshiba was not able finalise its planned 1.4 trillion yen (S$14 billion) in financing for the acquisition as of Friday (Dec 30), two sources said, delaying into next year its...