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Tycoon s $17 Billion Bid for Telecom Giants Draws Skeptics

Tycoon s $17 Billion Bid for Telecom Giants Draws Skeptics
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Portfolio in the palm of your hand

Portfolio in the palm of your hand
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Bidding war may break out for Toshiba; more business reform likely

Bidding war may break out for Toshiba; more business reform likely Today 06:00 am JST Today | 06:24 am JST TOKYO With a recent buyout offer for Toshiba Corp from a British private equity firm apparently hitting a snag, a bidding war involving other investors may break out for the Japanese industrial conglomerate, industry experts say. Investor interest in the growth potential of some of Toshiba s businesses, such as chip-making and infrastructure systems, means the company is likely to face continued pressure to streamline its wide-ranging operations, they say. Toshiba s management rift widened after CVC Capital Partners made a buyout offer worth over $20 billion, leading its board members to believe the former president and CEO Nobuaki Kurumatani, once a CVC executive, was pulling strings to fend off pressure from activist shareholders.

Bidding war may break out for Toshiba after buyout hits a snag

Apr 17, 2021 With a recent buyout offer for Toshiba Corp. from a British private equity firm apparently hitting a snag, a bidding war involving other investors may break out for the industrial conglomerate, industry experts say. Investor interest in the growth potential of some of Toshiba’s businesses, such as chipmaking and infrastructure systems, means the company is likely to face continued pressure to streamline its wide-ranging operations, they say. Toshiba’s management rift widened after CVC Capital Partners made a buyout offer worth over $20 billion (about ¥2.18 trillion), leading its board members to believe president and CEO Nobuaki Kurumatani, once a CVC executive, was pulling strings to fend off pressure from activist shareholders.

FOCUS: Bidding war may break out for Toshiba, more business reform likely

FOCUS: Bidding war may break out for Toshiba, more business reform likely
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