JIP Acquires Controlling Shares in Major Step Toward Taking Toshiba Private


On September 21, after nearly a decade of scandal, crippling losses, and clashes with activist shareholders, Japanese conglomerate Toshiba Corporation announced that a consortium led by private equity firm Japan Industrial Partners (JIP) acquired 78.65 percent of Toshiba shares, giving JIP the more than two-thirds majority stake needed to take the public firm private. Toshiba, a

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