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Toshiba Says CVC Proposal Lacks Sufficient Detail to Evaluate

Toshiba Says Potential Buyout Offer From CVC Has Stalled Bloomberg 43 mins ago Takashi Mochizuki and Yuki Furukawa © Bloomberg Signage for Toshiba Corp. displayed at the company s headquarters while the red figure is illuminated on a pedestrian light in Tokyo, Japan, on Wednesday, April 7, 2021. Toshiba surged its daily limit of 18% after confirming it received an initial buyout offer from CVC Capital Partners, setting the stage for potentially the largest private equity-led acquisition in years. (Bloomberg) Toshiba Corp. said a potential acquisition offer from CVC Capital Partners has stalled after the firm submitted a new proposal that lacks sufficient information for evaluation.

CVC Capital Weighing Deal for Japanese Conglomerate Toshiba

CVC Capital Weighing Deal for Japanese Conglomerate Toshiba Bloomberg 2 hrs ago Yuki Furukawa, Manuel Baigorri and Jan-Henrik Förster © Bloomberg Signage for Toshiba Corp. is displayed at the company s headquarters in Tokyo, Japan, on Wednesday, Feb. 14, 2018. Toshiba announced Wednesday that Nobuaki Kurumatani, representative director of CVC Capital Partners Ltd. in Japan and former vice president at Sumitomo Mitsui Banking Corp., will become the company s chief executive officer. Satoshi Tsunakawa will step down as CEO and become chief operating officer. (Bloomberg) CVC Capital Partners is considering buying a major stake in Japanese conglomerate Toshiba Corp., people with knowledge of the matter said.

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