Private Equity
TOKYO -- CVC Capital Partners has in effect shelved its $20billion acquisition plan for Toshiba as the resignation of a CEO who clashed with activist investors changed the management makeup and formidable regulatory hurdles loomed. CVC told Toshiba on Monday that it would "step aside" to await Toshiba's guidance as to whether privatization would fit with the Japanese company's strategic objectives, according to a Tuesday statement by Toshiba. The conglomerate said, however, that it would not be able to evaluate CVC's initial proposal without further details. Toshiba also said "being a publicly traded company provides a stable equity structure."

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