Toshiba’s management accepted the takeover proposal by a consortium led by JIP
The takeover would complete Toshiba’s restructuring. It has been struggling for many years due to accounting scandals, extensive losses and disagreements with investors, Reuters reported. The takeover of Toshiba will be financed by investments from about 20 Japanese companies as well as loans from Japanese banks, writes Nikkei without specifying the source of his information. … Read more