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JIP says $14 billion tender offer for Toshiba set to succeed

JIP says  billion tender offer for Toshiba set to succeed

TOKYO (Reuters) -A $14 billion tender offer to take Toshiba 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.
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India’s Quest To Export LCA TEJAS Hits ‘Roadblock’; HAL Must First Meet Indian Air Force’s Needs

India’s Quest To Export LCA TEJAS Hits ‘Roadblock’; HAL Must First Meet Indian Air Force’s Needs

India’s quest to emerge as a net exporter of arms will depend on its ability to sell the ‘Tejas’ aircraft to friendly foreign nations. But that ambition must wait at least a decade or more as the Light Combat Aircraft’s manufacturer is busy supplying these fighters to the Indian Air Force (IAF) and developing the […]
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