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Toshiba Corporation: Toshiba s Double-Transmon Coupler Will Realize Faster, More Accurate Superconducting Quantum Computers
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Toshiba s Board of Directors Issues Statement
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Comment by the Chair of Toshiba’s Board on the Acquisition Proposal
Friday, April 9, 2021 12:40PM IST (7:10AM GMT)
TOKYO, Japan:
Osamu Nagayama, Chairperson of the Board of Directors of Toshiba Corporation (TOKYO:6502) has commented on the acquisition proposal from CVC Capital Partners as below.
As announced in the public statement dated April 7
th, Toshiba has received a preliminary and non-legally binding initial proposal from CVC Capital Partners (CVC) regarding the acquisition of Toshiba and to get the same privatized. This initial proposal by CVC was completely unsolicited and not initiated by Toshiba by all means. The proposal does not go through detailed review of Toshiba business.
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Osamu Nagayama, Chairperson of the Board of Directors of Toshiba Corporation (TOKYO:6502) has commented on the acquisition proposal from CVC Capital Partners as below.
As announced in the public statement dated April 7
th, Toshiba has received a preliminary and non-legally binding initial proposal from CVC Capital Partners (CVC) regarding the acquisition of Toshiba and to get the same privatized. This initial proposal by CVC was completely unsolicited and not initiated by Toshiba by all means. The proposal does not go through detailed review of Toshiba business.
Further, CVC’s initial proposal is conditional on a variety of matters such as clearances of the Anti-trust registrations of the relevant jurisdictions, the Foreign Exchange and Foreign Trade Act of Japan and necessary financing. Furthermore, the proposed transaction is not contemplated to be financed by CVC alone; rather, it is indicated in C
Toshiba Executes Strategic Alliance Agreement and Invests in Counter-Drone Security Company Fortem Technologies, Inc
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