Toshiba to consider going private under new review panel

Group suspends sales of elevator and lighting operations

20220407N Toshiba

Once one of Japan's most respected companies, Toshiba has faced financial setbacks and friction with shareholders in recent years. © Reuters

YOICHIRO HIROI and TAKAYUKI YAO, Nikkei staff writers

TOKYO -- Toshiba on Thursday formed a special committee to review strategic options including going private, while hitting pause on a breakup plan that was rejected by shareholders last month.

Toshiba's management team will lead discussions with private equity funds and other potential investors. The new committee, composed of six independent directors, will analyze different offers and structures to "identify the privatization offer that is best for our diverse stakeholders," the company said in a statement.

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