Japan’s troubled Toshiba to delist after takeover by consortium succeeds

A 2 trillion yen (E11 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said (Shuji Kajiyama/AP)

A 2 trillion yen (£11 billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said on Thursday.

In the tender offer, which was announced last month and ended on Wednesday, the number of shares purchased exceeded the minimum needed, at 78.65%, it said.