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Big Law

Toshiba Accepts $15 Billion Buyout Offer from Japan Industrial Partners

Toshiba Corp’s board has accepted a buyout offer from a group led by private equity firm Japan Industrial Partners, valuing the company at 2 trillion yen ($15.2 billion), the company said on Thursday.

A successful deal would see the scandal-ridden industrial conglomerate taken private and firmly in domestic hands after much tension with overseas activist shareholders.

It is however not yet clear whether activist funds, which are estimated to own roughly a quarter of the company, will be satisfied with the terms.

Read the source article at cnbc.com

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