{"id":604948,"date":"2023-09-21T09:52:19","date_gmt":"2023-09-21T04:22:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=604948"},"modified":"2023-09-21T10:42:35","modified_gmt":"2023-09-21T05:12:35","slug":"toshiba-wins-shareholder-support-for-jips-14-billion-takeover-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/toshiba-wins-shareholder-support-for-jips-14-billion-takeover-offer\/","title":{"rendered":"Toshiba wins shareholder support for JIP&#8217;s $14 billion takeover offer"},"content":{"rendered":"<p>A consortium led by private equity firm Japan Industrial Partners (JIP) gained 78.65 per cent of Toshiba through a tender offer, Toshiba said, coming a step closer to completing a $14 billion deal to take the company private.<\/p>\n<p>Ownership of more than a two-third majority would be enough for the JIP group to squeeze out remaining shareholders. Toshiba is now set to be delisted as early as December, ending its 74-year history as a listed firm.<\/p>\n<p>The deal puts the electronics-to-power stations maker in domestic hands after years of battles with overseas activist shareholders.<\/p>\n<p>JIP is joined by some 20 Japanese companies, including financial services firm Orix and chipmaker Rohm .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium led by private equity firm Japan Industrial Partners (JIP) gained 78.65 per cent of Toshiba through a tender offer, Toshiba said, coming a step closer to completing a $14 billion deal to take the company private. Ownership of more than a two-third majority would be enough for the JIP group to squeeze out remaining shareholders. Toshiba is now set to be delisted as early as December, ending its 74-year history as a listed firm. The deal puts the electronics-to-power stations maker in domestic hands after years of battles with overseas activist shareholders. JIP is joined by some 20 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-604948","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/604948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=604948"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/604948\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=604948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=604948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=604948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}