According to reports collected by Lansheng Technology: Toshiba accepts the $15.3 billion acquisition offer and will not split the semi-guided business

Toshiba, which is undergoing reorganization, has accepted the acquisition plan proposed by Japan Industrial Partners (JIP) composed of Japanese domestic companies on March 23. Based on Toshiba's market value, the amount of this public acquisition is about 15.3 billion US dollars .

According to Digitimes, JIP is composed of 17 Japanese companies including Orix, Chubu Electric Power Company, and Rohm Semiconductor. In this acquisition, a bank consortium composed of six Japanese financial companies including Sumitomo Mitsui Banking Corporation will provide financing to provide sufficient financing for the acquisition. funds. In the proposal of Japanese industrial partners, the goal is to enable Toshiba’s corporate value to gradually increase in the long run. After the acquisition, Toshiba will be delisted and re-listed after the corporate value increases.

JIP started to carry out related operations in late July last year, acquiring at a price about 10% higher than the target stock price. The resistance comes from overseas major shareholders who hold a large share of Toshiba. If they are willing to sell their shares, they will reach a purchase ratio of 66.7%. , the public takeover will be successful.

Since Toshiba's accounting fraud incident in 2015, its operations have been in turmoil. In March 2017, it suffered a huge loss due to its investment in the US nuclear power business, and fell into the predicament of insolvency for two consecutive years. Subsequently, in order to avoid delisting, a capital increase plan of 600 billion yen was implemented and a large amount of overseas funds were introduced. These overseas shareholders put forward various opinions and criticisms on Toshiba's operations, which caused continuous turmoil within Toshiba.

In the past year or so, in order to ease internal conflicts and reduce disputes with overseas shareholders, the management of Toshiba announced a strategic reorganization and proposed a plan to split the Toshiba Group into three independent companies. Due to the doubts from all parties, the implementation encountered huge resistance. In the new plan, it was changed into two parts, only the equipment business including semiconductors would be split, and non-core assets would be sold, but in the end it was encountered again. Frustrated, it was rejected by more than half of the shareholders.

The above is the relevant information collected by Lansheng Technology.