About: http://data.cimple.eu/news-article/e2790dc4f16997edb077773f3ef5cde1a40b1ffca49d000523b60570

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About: http://data.cimple.eu/news-article/e2790dc4f16997edb077773f3ef5cde1a40b1ffca49d000523b60570 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	A British private equity fund has proposed a buyout of Toshiba, the Japanese firm confirmed Wednesday, in a deal reportedly worth about $20 billion. Toshiba confirmed the reports that CVC Capital Partners had come forward with an offer to acquire the company, and said its board would discuss the proposal. Local media reported CVC was considering offering a 30 percent premium over group's current share price, aiming to take the Japanese electronics and engineering giant private. The delisting is intended to produce faster decision-making by Toshiba's management, which has clashed with shareholders recently, reports said. The move, if successful, would allow the firm to concentrate resources on renewable energies and other core businesses, reports added. The Nikkei newspaper said CVC was considering recruiting other investors to participate in the acquisition. Toshiba CEO and President Nobuaki Kurumatani told reporters Wednesday that "we received the proposal but we'll discuss it in a board meeting." Toshiba's aggregate market value as of Tuesday stood at 1.74 trillion yen ($14 billion). If the takeover bid goes through at the reported 30 percent premium, the price tag would be around 2.3 trillion yen. Toshiba has been hit by false accounting scandals and huge losses linked to its US nuclear unit. It was forced to sell its profit-making chip sector to make up for huge losses. Following painful restructuring, its earnings rebounded and the company in January returned to the prestigious first section of the Tokyo Stock Exchange. kh-nf/sah/rma
schema:headline	UK fund makes Toshiba buyout offer
schema:mentions	Renewable energy Japanese language Chief executive officer United Kingdom President of the United States False accounting CVC Capital Partners Accounting scandals Private equity fund Toshiba The Nikkei Qiang language The Move Japanese yen Tokyo Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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