CVC Capital Partners to Offer to Acquire Toshiba
Tokyo, April 7 (Jiji Press)--British investment fund CVC Capital Partners will offer to acquire major Japanese electronics and machinery maker Toshiba Corp. <6502>, informed sources said Wednesday.
The fund plans to make Toshiba go private so as to drastically review the Japanese firm's corporate governance structure and speed up its processes for making business judgments, the sources said. Toshiba has been in tension with activist shareholders over its corporate governance and management strategies.
(2021/04/07-08:09)
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