Toshiba Goes , Private After 74 Years.
'The Guardian' reports that electronics company Toshiba has delisted from the Tokyo stock exchange after 74 years.
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The Japanese manufacturer, which became synonymous with the country's dominance of the electronics sector in the 20th century, went private on December 20.
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The Japanese manufacturer, which became synonymous with the country's dominance of the electronics sector in the 20th century, went private on December 20.
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The deal was completed by a group of investors, including the private equity investor Japan Industrial Partners (JIP).
Also taking part in the purchase were financial services firm Orix, utilities provider Chubu Electric Power and chipmaker Rohm.
'The Guardian' reports that the news comes after years of investor pressure stemming from turmoil caused by a massive accounting scandal.
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According to the company's history, Toshiba traces its roots to a factory established in 1875.
In 1938, Shibaura Engineering Works was merged with the Tokyo Electric Company.
40 years later, the company was renamed Toshiba in 1978.
The company expresses its sincere gratitude to its shareholders and other stakeholders for their understanding and wholehearted support to the company’s management for many years since the company was listed.
, Toshiba statement, via 'The Guardian'.
The company expresses its sincere gratitude to its shareholders and other stakeholders for their understanding and wholehearted support to the company’s management for many years since the company was listed.
, Toshiba statement, via 'The Guardian'.
Toshiba Group will now take a major step toward a new future with a new shareholder, Toshiba statement, via 'The Guardian'
