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Wednesday, 07 Apr 2021 10:07 AM MYT
Trading of Toshiba shares was temporarily halted on Tokyo’s stock exchange at the open, after the Japanese firm confirmed the offer first reported hours earlier by local media. Reuters pic
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TOKYO, April 7 Toshiba has received a buyout offer from a British private equity fund and will consider the proposal, it said today, with reports suggesting the deal could be worth about US$20 billion (RM82.5 billion).
Trading of Toshiba shares was temporarily halted on Tokyo’s stock exchange at the open, after the Japanese firm confirmed the offer first reported hours earlier by local media.
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Toshiba to weigh buyout offer from UK fund
Toshiba confirmed it had received a buyout offer and would study the proposal. (Photo: AFP/Martin Bureau)
07 Apr 2021 09:53AM Share this content
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TOKYO: Toshiba has received a buyout offer from a British private equity fund and will consider the proposal, it said Wednesday (Apr 7), with reports suggesting the deal could be worth about US$20 billion.
Trading of Toshiba shares was temporarily halted on Tokyo s stock exchange at the open, after the Japanese firm confirmed the offer first reported hours earlier by local media.
April 8, 2021
TOKYO (AFP) – Toshiba is considering a buyout offer from a British private equity fund, it said yesterday, with reports suggesting the deal could be worth about USD20 billion.
Trading of Toshiba shares was halted on Tokyo’s stock exchange at the open, after the Japanese firm confirmed the offer in a statement.
Toshiba said it “received an initial proposal yesterday” by CVC Capital Partners for a buyout.
“We will request detailed information and carefully discuss” the offer, the firm added.
The Nikkei newspaper said CVC was considering a 30-per-cent premium over the Japanese industrial group’s current share price, valuing the deal at nearly JPY2.3 trillion based on Tuesday’s close.
Published April 7, 2021, 2:55 PM
TOKYO (AFP) – Toshiba is considering a buyout offer from a British private equity fund, it said Wednesday, with reports suggesting the deal could be worth about $20 billion.
Trading of Toshiba shares was halted on Tokyo’s stock exchange at the open, after the Japanese firm confirmed the offer in a statement.
Toshiba said it ”received an initial proposal yesterday” by CVC Capital Partners for a buyout.
The logo of Japanese industrial group Toshiba is seen at the company’s headquarters in Tokyo on April 7, 2021. (AFP)
”We will request detailed information and carefully discuss” the offer, the firm added.