Published: 11:58, October 12, 2023 | Updated: 12:08, October 12, 2023
Toshiba to go private on Dec 20 after $13 billion takeover bid
By Reuters

The logo of Japanese industrial group Toshiba is seen on top of a building at its headquarters in Tokyo on Feb 9, 2023. (PHOTO / AFP)

TOKYO - Toshiba Corp said on Thursday it will hold an extraordinary shareholder's meeting on Nov 22 to approve the consolidation of its shares, which will be delisted from the Tokyo Stock Exchange on Dec 20.

READ MORE: Toshiba says $14b takeover bid by JIP succeeds, set to go private

The Japanese conglomerate Toshiba last month announced the success of a 2 trillion yen ($13.4 billion) tender offer from private equity firm Japan Industrial Partners.