When it comes to billion-dollar takeovers, Effissimo Capital Management says, "Deal me in.
In a move that could potentially redefine the landscape of Japan's technology sector, Effissimo Capital Management, Toshiba's largest shareholder, has decided to tender its 9.9% stake in a $14 billion takeover offer by Japan Industrial Partners (JIP).
This decision, revealed on September 15, 2023, has sent ripples through the business community, increasing the odds of the takeover bid succeeding and putting Toshiba back in domestic hands after years of tussles with overseas activist shareholders.