On the 23rd, Toshiba announced that it has agreed to a proposed acquisition plan by a consortium led by domestic fund "Japan Industrial Partners" (JIP).

According to Kyodo News on the 24th, the acquisition is valued at about 2 trillion yen (approximately RMB 105 billion). The purchasing group plans to launch a tender offer in late July at a price of JPY 4,620 per share (approximately RMB 240), and delist Toshiba, with plans to relist once the company's value has increased. Toshiba's stock price on the Tokyo Stock Exchange closed at JPY 4,213 per share (approximately RMB 220) on the 23rd. On the 24th, Toshiba's stock price rose 4.2% to JPY 4,390 per share (approximately RMB 232).

The focus going forward will be on whether "shareholders who have expressed opinions on Toshiba's management" such as overseas investors will accept the tender offer and sell their Toshiba shares.

Although Toshiba has accepted the acquisition, it is not currently recommending that shareholders sell their shares at the offered price of JPY 4,620 per share, which is lower than Toshiba's expectations, and there is no other more attractive price at this stage.

Toshiba was hit by an accounting scandal in 2015 and suffered huge losses in its nuclear power business in the United States. In addition, multiple management changes caused confusion in its operations. In 2017, Toshiba introduced external funds to solve its debt crisis, raising JPY 600 billion (approximately RMB 31 billion) and avoiding delisting. However, some analysts believe that the exercise of voting rights by overseas shareholders who participated in the capital increase has affected Toshiba's operations.

Toshiba began seeking an acquirer last year to cut ties with those investors. Later, Toshiba attracted many potential investors, and in October last year, the consortium led by "Japan Industrial Partners" was chosen as the preferred acquirer.