Toshiba Goes , Private After 74 Years.
'The Guardian' reports that electronics
company Toshiba has delisted from the
Tokyo stock exchange after 74 years. .
The Japanese manufacturer, which became
synonymous with the country's dominance of the electronics
sector in the 20th century, went private on December 20. .
The Japanese manufacturer, which became
synonymous with the country's dominance of the electronics
sector in the 20th century, went private on December 20. .
The deal was completed by a group
of investors, including the private equity
investor Japan Industrial Partners (JIP).
Also taking part in the purchase were financial
services firm Orix, utilities provider
Chubu Electric Power and chipmaker Rohm.
'The Guardian' reports that the news comes after
years of investor pressure stemming from
turmoil caused by a massive accounting scandal. .
According to the company's history,
Toshiba traces its roots to
a factory established in 1875.
In 1938, Shibaura Engineering Works
was merged with the Tokyo Electric Company.
40 years later, the company
was renamed Toshiba in 1978.
The company expresses its sincere gratitude
to its shareholders and other stakeholders
for their understanding and wholehearted
support to the company’s management
for many years since the company was listed. , Toshiba statement, via 'The Guardian'.
The company expresses its sincere gratitude
to its shareholders and other stakeholders
for their understanding and wholehearted
support to the company’s management
for many years since the company was listed. , Toshiba statement, via 'The Guardian'.
Toshiba Group will now
take a major step toward a new
future with a new shareholder, Toshiba statement, via 'The Guardian'