In March this year, the Toshiba board of directorsConfirmThe acquisition is confirmed after the company accepted a 2 trillion yen (approximately US$153 billion) acquisition offer from a group led by Japan Industrial Partners (JIP).Will officially start.
The 2 trillion yen acquisition price will see a group led by Japanese industrial partners acquire at least two-thirds of Toshiba's 4.32 million issued shares.
In addition to the Japanese industrial partners, another group driving the acquisition is Japan Investment Corp. (JIC), which is funded by the Japanese government. The Japanese industrial partners led the acquisition, including 17 companies including Chubu Electric Power Co., Orix, Nippon Life Insurance Co., Toray Industries, Ltd., Central Japan Railway Company, Japanese chipmaker Rohm, and automaker Suzuki.
The subsequent acquisition still needs to be approved by all Toshiba shareholders. It will be privatized as early as the end of this year, and a group led by Japanese industrial partners will obtain full control.
If the acquisition proposal is successfully completed, it will become one of the largest transactions in the Asian market this year and one of the largest private equity acquisition transactions in Japan's history.
