Toshiba Corp. has paved the way for the company to go private after accepting a buyout offer from a domestic consortium led by Japan Industrial Partners Inc., but many challenges lie ahead, as the Japanese conglomerate grapples with growth strategies and uncertainty about whether foreign funds that hold Toshiba stock will agree to the tender offer.
When Toshiba's board decided to accept the buyout offer on Thursday, there was relief among people involved with the struggling company.
"Going private should allow [the company] to reallocate management resources to investments for growth in the future," a source close to Toshiba said.
