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The Independent UK
The Independent UK
National
Yuri Kageyama

Japan's troubled Toshiba to delist after takeover by Japanese consortium succeeds

Copyright 2022 The Associated Press. All rights reserved.

A 2 trillion yen ($14 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said Thursday.

In the tender offer, announced last month and ended Wednesday, the number of shares purchased exceeded the minimum needed, at 78.65%, it said.

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