Toshiba eyes reintegrating four main subsidiaries after delisting

Once-mighty industrial giant aims to streamline for quick recovery

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Toshiba, once synonymous with Japan's industrial might, spun off many key businesses in 2017 to shore up its books. (Photo by Tsuyoshi Tamehiro)

YOICHIRO HIROI and AYA ONISHI, Nikkei staff writers

TOKYO -- Toshiba is considering reintegrating four main subsidiaries as it seeks to streamline operations and speedily restructure after going private, Nikkei has learned.

The company said earlier Thursday that a $14 billion tender offer from a consortium led by private equity firm Japan Industrial Partners (JIP) had been approved. Toshiba is now set to be delisted as early as December.

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