Japan s Nikkei closed lower on
Wednesday, after hitting a near two-month high in the last
session, as Nintendo dropped on poor earnings, with cautious
investors now awaiting U.S. inflation data to. | November 9, 2022
Japan's benchmark Nikkei stock index ended lower Wednesday, as investors opted for profits ahead of the release of US inflation data seen as a barometer for the future course of the US Federal Reserve's interest rate hikes.The 225-issue Nikkei .
BusinessJapanâs Toshiba considers $20 bln take-private deal - source
ReutersMakiko Yamazaki
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A reporter raises his hand for a question during a Toshiba news conference at the company headquarters in Tokyo, Japan June 23, 2017. REUTERS/Issei Kato
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Toshiba Corp (6502.T) is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance.
The proposed deal, which comes three weeks after shareholders approved an independent probe into the scandal-hit company, could shield management, particularly Chief Executive Nobuaki Kurumatani, from that scrutiny. It would, however, invite regulatory review given its government work.
Toshiba is considering a US$20 billion offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, a.