JIP to buy Toshiba

The Toshiba board voted this morning to accept a $15.3 billion offer from a consortium led by JIP (Japan Industrial Partners) to buy the company. Toshiba will buy out other shareholders, many of them activist, and  be taken private. The JIP consortium has about 20 Japanese companies in it including  Orix, Rohm and Chubu Electric Power, ...
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