Strategic co-investors commit to JIP's mega Toshiba buyout
Rohm Semiconductor and Niterra, component suppliers to the semiconductor and automotive industries, respectively, have confirmed their participation in the Japan Industrial Partners-led (JIP) JPY 2trn (USD 15.3bn) tender offer for Toshiba Corporation.
Rohm has committed JPY 100bn to the deal and agreed to underwrite a further JPY 200bn of non-voting preferred stock issued by the JIP investment vehicle ahead of the tender offer, according to a filing....
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