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Activist investors get their moment in Japan with $21 billion Toshiba bid

Apr 8, 2021 The surprise takeover bid for Toshiba Corp. is a palpable demonstration of the growing influence in corporate Japan of activist investors, who have gone from largely impotent onlookers to kingmakers in the space of just a few years. The offer from CVC Capital Partners, while still in the early stages, comes just weeks after Toshiba Chief Executive Officer Nobuaki Kurumatani lost a landmark shareholder vote, forcing an independent investigation into alleged issues with voting at its annual general meeting last year. That loss has piled pressure on Kurumatani, who barely won re-election at last year’s meeting and is seen as unlikely to survive another. The vote was triggered by Toshiba’s largest shareholder, the secretive Singapore-based hedge fund Effissimo Capital Management.

Toshiba mulling on taking the $20 billion buyout deal to go private

Toshiba mulling on taking the $20 billion buyout deal to go private Photo by: Wen Xiao/Unsplash Thursday, April 8, 2021 8:05 AM UTC Related Stories Toshiba has been reported to be mulling on signing a $20 billion buyout offer from UK’s CVC Capital Partners, a private equity firm. The deal will make the Japanese company private, and the offer is being considered as it is facing pressure from shareholders regarding its governance. Toshiba confirms deal offer from private equity firm As per Reuters, Toshiba is reviewing the deal as it is really considering the proposal. The Japanese multinational conglomerate firm confirmed on Wednesday, April 7, that it had received an acquisition proposal from CVC.

Toshiba mulling on taking the $20 billion buyout deal to go private

Toshiba mulling on taking the $20 billion buyout deal to go private
econotimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econotimes.com Daily Mail and Mail on Sunday newspapers.

Activist investors get their moment in Japan with $21 billion Toshiba bid

Activist investors get their moment in Japan with $21 billion Toshiba bid
japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.

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