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Toshiba Denies Plan to Reject CVC Buyout Offer

Toshiba Denies Plan to Reject CVC Buyout Offer

   Tokyo, April 16 (Jiji Press)--Japanese electronics and machinery maker Toshiba Corp. <6502> denied on Friday media reports that it plans to reject an acquisition offer from British investment fund CVC Capital Partners.
   "(The offer) was a preliminary and non-legally binding initial proposal that is impossible for Toshiba to evaluate," it said. "Toshiba's board will conduct a careful review once the initial proposal has been clarified, and at this point, nothing definite has been decided."

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AFP-JIJI PRESS NEWS JOURNAL


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