<p>A consortium led by private equity firm Japan Industrial Partners (JIP) gained 78.65 per cent of Toshiba through a tender offer, Toshiba said, coming a step closer to completing a $14 billion deal to take the company private.</p>.<p>Ownership of more than a two-third majority would be enough for the JIP group to squeeze out remaining shareholders. Toshiba is now set to be delisted as early as December, ending its 74-year history as a listed firm.</p>.Toshiba secures contract from BWSSB to manage STPs in Bengaluru.<p>The deal puts the electronics-to-power stations maker in domestic hands after years of battles with overseas activist shareholders.</p>.<p>JIP is joined by some 20 Japanese companies, including financial services firm Orix and chipmaker Rohm .</p>.<p>Toshiba in March accepted JIP's buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion), with no prospects of a higher offer or competing bid, even though the 4,620 yen per share offer price was considered by some as unsatisfactory.</p>.<p>"We are deeply grateful to many of our shareholders for being understanding of the company's position," Toshiba Chief Executive Taro Shimada said in a statement on Thursday. Toshiba "will now take a major step toward a new future with a new shareholder".</p>.<p>Since 2015, Toshiba has been battered by accounting scandals, suffered heavy loss and came close to being delisted. It has also been engulfed in a series of corporate governance scandals. ($1 = 148.3000 yen) </p>
<p>A consortium led by private equity firm Japan Industrial Partners (JIP) gained 78.65 per cent of Toshiba through a tender offer, Toshiba said, coming a step closer to completing a $14 billion deal to take the company private.</p>.<p>Ownership of more than a two-third majority would be enough for the JIP group to squeeze out remaining shareholders. Toshiba is now set to be delisted as early as December, ending its 74-year history as a listed firm.</p>.Toshiba secures contract from BWSSB to manage STPs in Bengaluru.<p>The deal puts the electronics-to-power stations maker in domestic hands after years of battles with overseas activist shareholders.</p>.<p>JIP is joined by some 20 Japanese companies, including financial services firm Orix and chipmaker Rohm .</p>.<p>Toshiba in March accepted JIP's buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion), with no prospects of a higher offer or competing bid, even though the 4,620 yen per share offer price was considered by some as unsatisfactory.</p>.<p>"We are deeply grateful to many of our shareholders for being understanding of the company's position," Toshiba Chief Executive Taro Shimada said in a statement on Thursday. Toshiba "will now take a major step toward a new future with a new shareholder".</p>.<p>Since 2015, Toshiba has been battered by accounting scandals, suffered heavy loss and came close to being delisted. It has also been engulfed in a series of corporate governance scandals. ($1 = 148.3000 yen) </p>