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Oasis Management says CVC's offer for Toshiba is too low | WSAU News/Talk 550 AM · 99.9 FM

By Syndicated Content
Apr 12, 2021 10:08 PM
TOKYO (Reuters) - Hong Kong-based Oasis Management said on Tuesday CVC Capital s reported offer of 5,000 yen a share for Toshiba Corp was far below fair value .
The fund, an investor in Toshiba since 2016, said a price of more than 6,200 yen ($56.54) per share for Toshiba would be appropriate.
Oasis also said Toshiba should set up a special committee to discuss the proposal as soon as possible.
($1 = 109.6600 yen)
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Junko Fujita , Jacqueline Wong , Toshiba Corp , Kong Based Oasis Management , ஜன்கோ புஜிதா , ஜாக்குலின் வோங் , தோஷிபா கார்ப் , காங் அடிப்படையிலானது சோலை மேலாண்மை ,

Oasis Management says CVC's offer for Toshiba is too low

4 Min Read
TOKYO (Reuters) - Toshiba Corp Chief Executive Nobuaki Kurumatani plans to step down as other board members consider his future at the industrial conglomerate amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners, a source with knowledge of his decision said.
FILE PHOTO: Toshiba Corp s CEO Nobuaki Kurumatani attends a news conference at the company s headquarters in Tokyo, Japan, May 15, 2018. REUTERS/Issei Kato
Kurumatani, who has run the company for three years, faces a board meeting on Wednesday that will consider removing him, according to the source and another one with knowledge of the discussion. Local media said company Chairman Satoshi Tsunakawa was a possible successor. ....

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