Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate's shares surged on reports that more suitors were planning offers.
Apr 7th, 2021
This May 26, 2017 file photo shows the company logo of Toshiba Corp. displayed in front of its headquarters in Tokyo.Trading in Toshiba stock was halted Wednesday, April 7, 2021 after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisition proposal. Toshiba Corp. said Tuesday, April 6 it had asked for more details on the proposal, was giving it “careful consideration” and would make an announcement “in due course.”
AP Photo/Koji Sasahara, File
TOKYO (AP) Japan s Toshiba Corp. says it is considering a preliminary acquisition proposal that would take the technology conglomerate private.
Toshiba said Wednesday that it asked for more details on the proposal it received on Tuesday, was giving it “careful consideration” and would make an announcement “in due course.”
Sarasota Herald-Tribune
Target (TGT) will spend a total of more than $2 billion at Black-owned businesses by 2025 as part of its effort to advance racial equity. That s a significant increase in overall spending on Black-owned businesses, according to Target, though it declined be more specific on Wednesday. The Minneapolis retailer will add a broad spectrum of products from more than 500 Black-owned businesses and will increase its spending at more Black-owned companies, from marketing to construction. More than 20 companies, including Sephora, Gap and Macy s, have signed on to a nationwide campaign called 15 Percent Pledge, which aims to have companies commit to at least 15% of their products on their shelves to Black-owned businesses in line with the U.S. Black population. Target s commitment is unaffiliated with that campaign.
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