Toshiba Corp. said Thursday it decided to recommend its shareholders sell their holdings in a 2 trillion yen ($14.3 billion) tender offer by a consortium led by Japan Industrial Partners Inc., a major step toward the planned privatization of the struggling tech giant.The conglomerate voted at a board meeting in favor of the buyout offer in March but then stopped short of recommending share sales at the offer price of 4,620 yen a share, which the company saw as low.The offer price by the consortium that includes Tokyo-based JIP, Orix Corp. and Rohm Co. is only 1.8 percent premium to the comp…READ FULL ARTICLE
