Toshiba to Leave Public Markets After 74 Years as Japan Industrial Partners Takes Company Private

Toshiba, one of Japan's oldest and biggest firms, is set to be taken private by a consortium led by Japan Industrial Partners after it acquired a majority stake.
Toshiba has faced major setbacks in recent years, including an accounting scandal, huge losses in its nuclear unit, and allegations of colluding with the Japanese government against foreign investors' interests.
The company planned to split into 3 businesses, then revised it to 2 units, before the takeover bid from JIP.
Toshiba started trading in 1949 after WWII when Japan was rebuilding, becoming a symbol of the country's economic recovery.
After the takeover, Toshiba will likely delist its shares from the stock market, ending its 74-year history as a publicly traded company.

Toshiba, one of Japan's oldest and biggest firms, is set to be taken private by a consortium led by Japan Industrial Partners after it acquired a majority stake.
Toshiba has faced major setbacks in recent years, including an accounting scandal, huge losses in its nuclear unit, and allegations of colluding with the Japanese government against foreign investors' interests.
The company planned to split into 3 businesses, then revised it to 2 units, before the takeover bid from JIP.
Toshiba started trading in 1949 after WWII when Japan was rebuilding, becoming a symbol of the country's economic recovery.
After the takeover, Toshiba will likely delist its shares from the stock market, ending its 74-year history as a publicly traded company.