Toshiba buyout pushed back to Aug due to delay in regulatory approval

TOKYO (Reuters) – Toshiba (OTC:) Corp said on Friday a group led by Japan Industrial Partners (JIP) is expected to launch a tender offer for the industrial conglomerate “sometime in August 2023”, a delay from late July.

Toshiba said in a statement that procedures under foreign competition laws and regulations in some jurisdictions are expected to be completed only after Aug. 1.