DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Androniki - 2 JIP - 2 Makiko Yamazaki - 2 JIP's - 1 LSEG - 1 Louise Heavens - 1 Sharon Singleton - 1 Effissimo - 1
Top related locs:
Kawasaki Japan Asia Singapore
Top related orgs:
Toshiba Corporation - 2 REUTERS - 2 Rights - 2 Toshiba - 2 Japan Industrial Partners - 2 Effissimo Capital Management - 2 Thomson - 2 Japan's - 1

Search resuls for: "Effissimo Capital Management"


3 mentions found


☆ JIP says $14 bln tender offer for Toshiba set to succeed
  + stars: | 2023-09-20 | by ( Makiko Yamazaki | ) www.reuters.com   time to read: +2 min
REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsTOKYO, Sept 20 (Reuters) - A $14 billion tender offer to take Toshiba (6502.T) private is set to succeed, private equity firm Japan Industrial Partners (JIP) said on Wednesday, clearing the way for Japan's biggest deal this year. JIP's tender offer, which closed on Wednesday, ends Toshiba's 74-year history as a listed firm and puts the electronics-to-power stations maker in domestic hands after years of battles with overseas activist shareholders. "It is forecasted that the tender offer will be successful," JIP said in a statement, suggesting that at least two-thirds of shareholders have tendered their shares. The final results of the tender offer will be announced once they are finalised, JIP added. Now that JIP has gained a two-third majority, the remaining shareholders would be squeezed out upon a vote at a planned emergency shareholder meeting.
Persons: Androniki, JIP, JIP's, LSEG, Makiko Yamazaki, Louise Heavens, Sharon Singleton Organizations: Toshiba Corporation, REUTERS, Rights, Toshiba, Japan Industrial Partners, Japan's, Effissimo Capital Management, Tokyo, Thomson Locations: Kawasaki, Japan, Asia
☆ Toshiba's top investor to sell stake in JIP offer, source says
  + stars: | 2023-09-15 | by ( Makiko Yamazaki | ) www.reuters.com   time to read: +2 min
REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsTOKYO, Sept 15 (Reuters) - Toshiba's (6502.T) largest shareholder Effissimo Capital Management has decided to tender its 9.9% stake in the $14 billion takeover offer by Japan Industrial Partners (JIP), a source said on Friday, raising the odds of the bid succeeding. The offer, which will end on Sept. 20, needs at least two-thirds of shareholders to tender their shares for it to succeed. Other major shareholders, Elliott Management and Farallon Capital Management, both have their executives on Toshiba's board which has unanimously approved the JIP takeover. Singapore-based fund 3D Investment Partners, previously Toshiba's second-largest shareholder, revealed in a filing in March that it had cut its stake to 4.90% from 7.20%. Sources have said top activist shareholders were eager to exit, even though the offer price was unsatisfactory.
Persons: Androniki, JIP, Effissimo, Elliott, Makiko Yamazaki, Kantaro Komiya, Neil Fullick Organizations: Toshiba Corporation, REUTERS, Rights, Effissimo Capital Management, Japan Industrial Partners, Toshiba, Elliott Management, Farallon Capital Management, Major Toshiba, Partners, Investment Partners, Westinghouse, Thomson Locations: Kawasaki, Japan, Singapore
☆ Analysis: The $15 billion scramble for Japan's Toshiba went from bang to whimper
  + stars: | 2023-03-27 | by ( Makiko Yamazaki Ritsuko Shimizu | Makiko Yamazaki | Ritsuko Shimizu | ) www.reuters.com   time to read: +5 min
Other investors who have held Toshiba longer may not be so lucky: the offer price represents a 15% discount from a December 2014 high. Some were introduced to JIP by Toshiba's management, some of the people said, declining to be identified because the information is not public. Toshiba's management, including CEO Taro Shimada, will stay on, while the government keeps Toshiba's sensitive defence and nuclear technologies in Japanese hands. Toshiba felt stable shareholders were desirable to end the tumult, unlike current shareholders "with many differing views", it said. JIP does not see the need for big strategy adjustments, Toshiba said.
0 next >>
Total: 3