R&I View: Toshiba to Take Full Control of Subsidiaries
(WorldNews Japan)

NEWS RELEASE Nov 13, 2019 R&I View: Toshiba to Take Full Control of Three Listed Subsidiaries Eyes on progress of earning capacity reinforcement Toshiba Corp. (Sec. Code: 6502, Issuer Rating: BBB-) announced on November 13 that it will make three of its publicly traded subsidiaries, namely Toshiba Plant Systems & Services Corp. (Sec. Code: 1983), NuFlare Technology Inc. (Sec. Code: 6256) and Nishishiba Electric Co., Ltd. (Sec. Code: 6591), wholly owned subsidiaries through tender offers. The tender offers are expected to be completed by end-2019, and the share acquisitions will be funded with cash and deposits. R&I evaluates earning capacity on a consolidated basis....