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Japan s richest person builds $38bn automation fortune
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Japan s new richest person builds $38 billion automation fortune
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Japan s new richest person builds $51 3 billion automation fortune
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(Bloomberg)
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Toshiba Corp. surged its daily limit of 18% after confirming it received an initial buyout offer from CVC Capital Partners, setting the stage for potentially the largest private equity-led acquisition in years.
The Japanese conglomerate said it’s seeking more information while it weighs the proposal. Its board plans to meet Wednesday to discuss the potential deal, a person familiar with the matter said. Shares of Toshiba surged their most since 2017 to a four-year high in Tokyo, taking its 2021 gain to 57% and market value to roughly $19 billion.
Toshiba Surges 18% Limit After CVC Capital Makes Buyout Offer
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