April 8, 2021 technology

Toshiba weighs buyout offer from UK fund

TOKYO: Toshiba is considering a buyout offer from a British private equity fund, it said on Wednesday, with reports suggesting the deal could be worth about $20 billion.
trading of Toshiba shares was halted on Tokyo’s stock exchange at the open, after the Japanese firm confirmed the offer in a statement.
Toshiba said it “received an initial proposal yesterday” by CVC Capital Partners for a buyout.
“We will request detailed information and carefully discuss” the offer, the firm added.
The Nikkei newspaper said CVC was considering a 30 per cent premium over the Japanese industrial group’s current share price, valuing the deal at nearly 2.3 trillion yen ($20.8 billion) based on Tuesday’s close.
The financial daily said CVC would consider recruiting other investors to participate in the buyout. CVC declined to comment on the matter.


Top News


RMS Unveils Significant New Event Respon...
May 7, 2021
Zynga Enters Agreement to Acquire Chartb...
May 7, 2021
RMS Global Catastrophe Model Leader Laun...
May 7, 2021