Toshiba

Toshiba sees power management chips as a profit driver and plans to spend ~$175M to double production, as private equity firm JIP completes its $14B buyout

Makiko Yamazaki / Reuters :

A Japan Industrial Partners-led consortium acquires 78.65% of Toshiba via a tender offer, setting the company up to be taken private as early as December 2023

Makiko Yamazaki / Reuters :

Toshiba announces a ~$14B tender offer to take the company private at ~$32/share led by Japan Industrial Partners, a buyout fund of Japanese banks and companies

Toshiba announced a 2 trillion yen ($14 billion) tender offer on Monday in a move that would take it private …

Sources: Toshiba plans to accept a ~$15.3B takeover offer from a coalition including Japan Industrial Partners; JIP is expected to take Toshiba private

Nikkei Asia :

Sources: eight buyout offers taking Toshiba private value the deal at up to ~$22B, a 27% premium on its stock; Toshiba had two offers that would keep it public

Toshiba shareholders reject two proposals, one by management to spin off Toshiba's devices unit and another backed by activist investors to seek buyout offers

Toshiba plans to split into two companies instead of three after activist shareholder criticism, sell non-core assets, and keep its infrastructure operations

Bloomberg :

Toshiba will spend around $1B to build a 300mm power semiconductor fab in Japan alongside a 300mm wafer production line at its existing plants

Nikkei Asia :

Toshiba responds to shareholder pressure by announcing it will split into three companies, focusing on infrastructure, tech devices, and memory chips

Takashi Mochizuki / Bloomberg :

Under shareholder pressure, Toshiba says it will split into three companies, focusing on infrastructure, tech devices, and memory chips

- Plans 100 billion yen for shareholder returns over two years  — Company has endured years of scandals and controversy