Making Toshiba TOB a wholly owned subsidiary of the group semiconductor manufacturing equipment manufacturer January 17, 19:10
Toshiba Corporation announced on Tuesday that it will make its semiconductor manufacturing equipment manufacturer Nuflare Technology a wholly owned subsidiary through a tender offer. For the new flare, HOYA, a major optical glass maker, had indicated that it was aiming to acquire it, but Toshiba's military service increased.
Toshiba is working to integrate management by eliminating the "parent-child listing" in which both the parent company and subsidiaries list shares.
As a result, Toshiba is expected to acquire over 84.6% of the shares in New Flare, making it a wholly owned subsidiary.
Last month, HOYA, a major optical glass maker, announced a policy to launch a hostile acquisition against New Flare. I would also like to explore other options and broadly consider various options for expanding the semiconductor business with a view to other companies. "