Japan’s Toshiba considers CVC Capital’s $20b take-private deal
FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo
April 7, 2021
Toshiba Corp 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 managers, particularly Chief Executive Nobuaki Kurumatani, from that scrutiny. It would, however, invite regulatory review given its government work.
Japan s Toshiba Corp considers $20 billion take-private deal: Report
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Japan s Toshiba considers $20 billion take-private deal - source
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Japan s Toshiba considers $20 billion take-private deal - source
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Japan s Toshiba considers $20 billion take-private deal - source
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