Toshiba has confirmed that a two-trillion-yen ($14 billion) tender offer to make the Japanese conglomerate private is to be launched in an effort to increase profitability.
After considering private equity firm Japan Industrial Partners (JIP)’s offer too low earlier this year, Toshiba’s board and JIP agreed to raise the share price by 10 yen ($0.07) to the final and current offer of 4,620 yen ($32.27) per common share.
