Toshiba's Stock Exchange Exit Sealed with $14 Billion Takeover
Toshiba, the troubled electronics and energy giant, will be delisted from the Tokyo Stock Exchange within a month after a consortium put in a 2 trillion yen tender offer. The offer was successful, with 78.65% of shares purchased, and the switch to Toshiba's new parent company, TBJH Inc., will take place on September 27. The delisting still requires shareholder approval, with a meeting scheduled for November. Toshiba has faced a series of challenges, including an accounting scandal and losses related to its nuclear energy business. The company aims to boost its value even after privatization, but analysts remain uncertain about its profitability.