A long-delayed ?2 trillion ($14 billion) buyout offer for Toshiba will begin Tuesday, with the Japanese industrial electronics firm seeking to close a troubled chapter in its 148-year history.

A consortium led by investment fund Japan Industrial Partners will start a tender offer to buy all outstanding Toshiba shares at ?4,620 per share between Tuesday and Sept. 20, Toshiba said in a statement Monday. That price, above Toshiba¡¯s closing share price of ?4,584, was unchanged from a March announcement.

Toshiba, which has know-how ranging from air conditioners and nuclear power equipment to semiconductors and quantum computing, sees the take-private bid as a chance to regain its footing following more than a decade of scandals and management overhauls.

¡°Today marks Toshiba¡¯s exit from an eight-year-long tunnel,¡± Toshiba Chairman Akihiro Watanabe said on an earnings call. Toshiba on the same day reported a net loss of ?25.4 billion for the three months to June, after its devices and storage solutions profit almost halved from a year ago.

Once a household name in consumer electronics, Toshiba¡¯s earnings have been dragged down by the shuttering of Japan¡¯s nuclear power plants in the wake of the meltdown at Tokyo Electric Power Co.¡¯s Fukushima No. 1 plant in 2011, just five years after its $5 billion acquisition of Westinghouse Electric.

The inventor of NAND flash memory was forced to sell its majority stake in its memory chip business to a group led by Bain Capital in 2018. Now re-branded Kioxia Holdings, that unit has fallen technologically behind Samsung Electronics and SK Hynix. It¡¯s in talks to merge with Western Digital as sliding prices eat into its ability to invest and keep up.

A deal between Western Digital and Kioxia may hurt shareholder willingness to participate in the Toshiba tender, but that would be an issue for JIP to resolve, Watanabe said.

As negotiations with the JIP-led consortium dragged on, Toshiba¡¯s stock floundered, dropping about 20% from a peak last year. Rival Hitachi¡¯s shares hit a record high earlier this month.

The Tokyo-based company created the world¡¯s first laptop PC, launched a global media format war in the 2000s and developed NAND flash memory, which is essential to storing and processing data on mobile devices and vast data centers without powering down.

But after more than a decade of reeling from one scandal to another, Toshiba has lost much of its technological edge.

Kioxia, which is still 40% owned by Toshiba, is the world¡¯s No. 3 maker of NAND, while Toshiba is now the smallest of the world¡¯s three remaining hard-disk drive suppliers. Both sectors are getting squeezed by tepid electronics demand.