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TOKYO (Reuters) - Shares in Japan’s Toshiba Corp surged on Wednesday, propelled higher by reports of more plans of bids for the conglomerate and expectations that its embattled chief executive would soon resign.
FILE PHOTO: Toshiba Corp CEO Nobuaki Kurumatani attends a news conference at the company s headquarters in Tokyo, Japan May 15, 2018. REUTERS/Issei Kato/File Photo
CEO Nobuaki Kurumatani is planning to resign amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners, a source with knowledge of his decision told Reuters on Tuesday.
Toshiba said its board is meeting on Wednesday to discuss management issues but that reports about Kurumatani resigning were not based on company announcements.
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate's shares surged on reports that more suitors were planning offers.
By Reuters Staff
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FILE PHOTO: Toshiba Corp s CEO Nobuaki Kurumatani attends a news conference at the company s headquarters in Tokyo, Japan, May 15, 2018. REUTERS/Issei Kato/File Photo
TOKYO (Reuters) - Toshiba Corp Chief Executive Nobuaki Kurumatani wants to leave his busy job and “recharge”, the Nikkei financial daily reported on Wednesday.
The Nikkei quoted the executive as saying late on Tuesday that he had discussed the decision with his family.
The company said earlier that its board would meet later in the day to discuss top management issues, amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners.
By Reuters Staff
1 Min Read
TOKYO, April 14 (Reuters) - Toshiba Corp said on Wednesday that its board would meet on Wednesday to discuss top management issues, adding media reports that Chief Executive Nobuaki Kurumatani would be replaced was not something it announced.
Kurumatani was facing controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners, a source told Reuters. (Reporting by Sakura Murakami and Chang-Ran Kim)
The rouble pared losses seen in the first half of April and firmed to a two-week high on Wednesday after a phone call between U.S. President Joe Biden and his Russian counterpart Vladimir Putin helped to ease fears of imminent new sanctions.