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Toshiba was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan's biggest brands and ushered in a buyout and an uncertain future.
The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial Partners that also includes financial services firm Orix , utility Chubu Electric Power and chipmaker Rohm.
The $14 billion takeover puts Toshiba in domestic hands after protracted battles with overseas activist investors that paralysed the maker of batteries, chips, and nuclear and defence equipment.
Toshiba "will now take a major step toward a new future with a new shareholder," the company said in a statement, adding that it would appreciate continuous understanding and support from its stakeholders.
The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial Partners that also includes financial services firm Orix , utility Chubu Electric Power and chipmaker Rohm.
The $14 billion takeover puts Toshiba in domestic hands after protracted battles with overseas activist investors that paralysed the maker of batteries, chips, and nuclear and defence equipment.
Toshiba "will now take a major step toward a new future with a new shareholder," the company said in a statement, adding that it would appreciate continuous understanding and support from its stakeholders.
