Toshiba is taking into consideration a buyout offer you from a British non-public equity fund, it mentioned on Wednesday, with reports suggesting the deal could be value about $20bn (£14.5bn).
Buying and selling of Toshiba shares was halted on Tokyo’s inventory trade at the open, soon after the Japanese agency confirmed the offer you in a assertion.
Toshiba mentioned it “acquired an original proposal yesterday” by CVC Cash Companions for a buyout.
“We will request specific details and cautiously discuss” the offer you, the agency added.
The Nikkei newspaper mentioned CVC was taking into consideration a 30pc top quality above the Japanese industrial group’s current share price tag, valuing the deal at just about two.three trillion yen ($20.8bn) dependent on Tuesday’s shut.
The financial everyday mentioned CVC would look at recruiting other buyers to participate in the buyout. CVC declined to comment on the make a difference.
The proposal would