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The Independent UK
The Independent UK
National
Yuri Kageyama

Troubled Toshiba announces buyout offer led by Japan businesses

Copyright 2022 The Associated Press. All rights reserved.

Toshiba announced a 2 trillion yen ($14 billion) tender offer on Monday in a move that would take it private, as the scandal-tarnished Japanese electronics and energy giant seeks to turn itself around.

The tender offer led by a buyout fund of major Japanese banks and companies called Japan Industrial Partners starts Tuesday and is priced at 4,620 yen ($32) a share.

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