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Over 15 million Toshiba laptop AC adapters, sold between April 2008 and April 2014, are being recalled due to concerns of overheating and posing fire hazards. The recall comes after hundreds of reports of the adapters overheating, catching fire, melting, and causing minor burn injuries. Consumers are advised to stop using the recalled AC adapters and contact Dynabook Americas for a free replacement.
Dynabook Americas is recalling 15.5 million Toshiba laptop AC adapters due to burn and fire hazards, in consultation with the U.S. Consumer Product Safety Commission (CPSC), which works to protect the public from unreasonable risks associated with consumer products. Federal law prohibits the sale of products subject to a CPSC-ordered recall, and individuals can report dangerous products or injuries on www.SaferProducts.gov.
Toshiba, the iconic Japanese electronics company, has been delisted from the Tokyo stock exchange after 74 years. The move comes after the company was taken private in an £11bn deal led by private equity investor Japan Industrial Partners. Toshiba has faced years of pressure from activist investors following a major accounting scandal, which raised concerns about Japan's corporate governance model. The company is now under new ownership and may be broken up to maximize value. Toshiba, which traces its roots back to 1875, has been a key player in Japan's economy, and its operations are considered critical to national security.
Toshiba, the crisis-plagued Japanese conglomerate, has officially delisted from the Tokyo Stock Exchange and entered a new era of private ownership. The move comes after years of financial struggles and scandals, including a massive accounting scandal in 2015. Toshiba's delisting marks a significant turning point for the company as it seeks to rebuild and regain stability under private ownership.
Toshiba, once a symbol of Japan's dominance in electronics, has delisted from the Tokyo stock exchange, marking the end of its 74-year history. The company's downfall began in 2015 when accounting malpractices were uncovered, leading to overstated profits. Further accounting irregularities and allegations of corporate governance issues followed. Toshiba faced a collapse of its nuclear business and sold off various divisions to raise cash. After protracted battles with activist shareholders, the company confirmed it would be taken over by a group of Japanese investors led by Japan Investment Corp for $14bn. The new owners plan to focus on high-margin digital services, but the future of Toshiba remains uncertain.
Toshiba, one of Japan's biggest brands, will be delisted from the Tokyo exchange after 74 years, following a decade of scandals and upheaval. The conglomerate is being taken private by a group of investors led by Japan Industrial Partners (JIP), including Orix, Chubu Electric Power, and Rohm. The $14 billion takeover puts Toshiba in domestic hands after battles with overseas activist investors. The future of Toshiba under its new owners remains uncertain, but Chief Executive Taro Shimada is expected to focus on high-margin digital services. Some industry insiders suggest splitting up Toshiba may be a better option. The Japanese government will closely monitor the situation due to the company's critical operations and national security implications.
Toshiba's chairman, Akihiro Watanabe, has emphasized the need for the company to make large investments, including mergers and acquisitions (M&As), as it aims to re-emerge as a digitally driven company. Watanabe stated that developing digital and data businesses will require significant financial resources and partnerships with software and artificial intelligence (AI) companies, or even acquisitions, to secure the necessary talent for the transformation.
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.
Toshiba has announced the success of a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP), paving the way for the embattled conglomerate to go private. The JIP-led consortium secured over two-thirds of Toshiba shares, allowing them to squeeze out remaining shareholders and delist the company as early as December. The deal marks the largest M&A deal in Japan this year and puts Toshiba in domestic hands after years of battles with overseas activist investors. JIP plans to retain CEO Taro Shimada and aims to improve morale and investor confidence in Toshiba's future.
Toshiba, one of Japan's oldest and largest companies, is set to end its 74-year history on the stock market as a consortium led by private equity firm Japan Industrial Partners (JIP) has purchased a majority stake of 78.65%. This allows the group to complete a $14 billion deal to take Toshiba private, potentially removing its shares from the stock market by the end of the year. The company has faced major setbacks in recent years, including a profit overstatement scandal, losses in its US nuclear power business, and collusion with the Japanese government to suppress foreign investors' interests.
Toshiba has announced that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) has been successful, allowing the embattled industrial conglomerate to go private. The JIP-led consortium secured 78.65% of Toshiba shares, giving them a majority of over two-thirds, which will enable them to squeeze out remaining shareholders. The deal puts Toshiba in domestic hands after years of battles with overseas activist shareholders. JIP plans to retain CEO Taro Shimada and his management team.
Private equity firm Japan Industrial Partners (JIP) has announced that its $14 billion tender offer to take Toshiba private is set to succeed, marking Japan's biggest deal this year. The offer, which closed on Wednesday, signifies the end of Toshiba's 74-year history as a listed firm and puts the company in domestic hands. JIP expects at least two-thirds of shareholders to have tendered their shares, and the final results will be announced once finalized. With a two-thirds majority, JIP plans to squeeze out remaining shareholders and delist Toshiba shares as early as December.
Toshiba has announced a 2 trillion yen ($14 billion) tender offer led by a buyout fund called Japan Industrial Partners, in an effort to take the scandal-hit company private and turn its fortunes around. The offer, priced at 4,620 yen ($32) a share, starts on Tuesday. Toshiba also reported a 25 billion yen ($176 million) loss for the April-June quarter. At least two-thirds of shareholders must offer their stakes for the bid to succeed, but some overseas activist investors have expressed dissatisfaction. If successful, the buyout would allow Toshiba to delist from the Tokyo Stock Exchange and maintain an alliance with Japanese partners.
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