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Toshiba says CVC will step aside to wait for guidance on take-private offer

Toshiba dismisses $20-billion CVC offer as lacking detail Makiko Yamazaki and Ritsuko Ando TOKYO Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Toru Hanai/Reuters Toshiba Corp on Tuesday dismissed a $20 billion buyout offer from CVC Capital Partners as lacking detail, putting a question mark over the future of the proposal. The Japanese conglomerate said a new letter from CVC, which previously offered to take the company private, did not provide the information needed for it to be able to evaluate the offer.

Toshiba rebuffs CVC takeover offer

Toshiba rebuffs CVC takeover offer Premium KOSAKU NARIOKA Share Via Read Full Story Toshiba Corp. rebuffed a takeover proposal from private-equity firm CVC Capital Partners, saying the proposal didn’t have enough detail to be considered and Toshiba preferred to remain a public company. Toshiba said CVC hadn’t provided specific information about the bidding group and its post-acquisition business plan. TRENDING STORIESSee All 3 min read 1 min read 2 min read 1 min read . 20 Apr 2021 “As this preliminary proposal lacks the required information, the board has concluded it is not possible to evaluate it, Toshiba said. A representative of CVC declined to comment on Tuesday’s release. The private-equity firm has said it preferred to make a deal under nonhostile conditions and valued partnership.

The Guardian: Жители Донбасса начали привыкать к спокойствию, но война вернулась снова

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unian.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from unian.net Daily Mail and Mail on Sunday newspapers.

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