A 2 trillion yen ($14 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said Thursday.
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Toshiba announced a $14 billion tender offer on Monday in a move that would take it private, as the scandal-tarnished Japanese electronics and energy giant seeks to turn itself around. The company has a major presence in Durham.
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Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a $15 billion tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.
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Embattled Japanese technology giant Toshiba plans to split into two companies, one focused on infrastructure and the other on devices, in its latest effort to placate unhappy shareholders.
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International tech and industrial giant Toshiba’s reorganization announced early Friday is not expected to impact Triangle-based Toshiba Global Commerce Solutions. In fact, the company focusing on retail commerce solutions such as point-of-sale technology, is growing. And hiring.
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Embattled Japanese technology conglomerate Toshiba said Friday it is restructuring to improve its competitiveness, spinning off its energy infrastructure and computer devices businesses.
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Toshiba’s Global Commerce Solutions has a new CEO as the previous top executive retired from the post but remains in charge at Toshiba American Business Solutions.
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What’s in the works for IBM’s earnings? What’s Lenovo’s founder saying about the tech giant’s future? News about Cree’s new N.Y. plant once destined for N.C., a reprieve for News and Observer owner McClatchy plus news about Biocryst, CloudJumper, Xentegra and Toshiba in our tech roundup.
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Triangle-based Netsertive and Toshiba Global Commerce Solutions, BioMerieux, which has its U.S. headquarters in Durham, and CommScope as well as Boone-based Pneuma Respiratory are all making news.
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