Private Equity

Toshiba Gets Offer To Go Private In Us$20b Deal: Source, Companies & Markets News & Top Stories - The Straits Times

by straitstimes.com posted 5months ago 195 views
April 07, 2021 8:26 AMIf realised, the deal will shield management of the scandal-hit conglomerate. : TOKYO (REUTERS) - Private equity firm CVC Capital Partners is proposing taking Toshiba Corp private in a deal worth about US$20 billion (S$26.8 billion), a person familiar with the matter said, as the Japanese tech giant faces pressure from activist shareholders to improve its governance. If realised, the deal will shield management of the scandal-hit conglomerate, particularly chief executive Nobuaki Kurumatani, from scrutiny amid calls from large overseas shareholders for greater transparency from its board.

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