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Hedge Fund Oasis Says Cvc Buyout Offer For Toshiba Too Low

by finance.yahoo.com posted 5months ago 23 views
Oasis Management Co. said CVC Capital Partners’ buyout proposal for Toshiba Corp. is too cheap, sending shares of the Japanese conglomerate higher. The Hong Kong-based hedge fund said the price of 5,000 yen per share mentioned in media reports is below fair value, which should be more than 6,200 yen a share. It urged Toshiba’s board to conduct a fair and open process for all parties interested in buying the company.

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