Japanese investment fund Japan Industrial Partners has gained a 78.65% stake in major Japanese conglomerate Toshiba through a tender offer process. JIP offered $14 billion to acquire Toshiba shares from other investors through a public tender offer that closed on September 20th. Through this tender offer process, JIP gained majority control of Toshiba by acquiring shares from a wide range of individual and institutional shareholders. The deal, led by JIP and including 20 Japanese companies, is set to be the largest M&A deal in Japan this year.
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00:00 It's Benzinga and here's what's on the block.
00:02 Japanese investment fund Japan Industrial Partners has gained a 78.65% stake in major
00:09 Japanese conglomerate Toshiba through a tender offer process.
00:13 JIP offered $14 billion to acquire Toshiba shares from other investors through a public
00:19 tender offer that closed on September 20.
00:22 Through this tender offer process, JIP was able to gain majority control of Toshiba by
00:27 acquiring shares from a wide range of individual and institutional shareholders.
00:32 The deal, led by JIP and including 20 Japanese companies, is set to be the largest M&A deal
00:38 in Japan this year.
00:40 For all things money, visit Benzinga.com.
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