Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York 
USDA $12 Billion Farm Aid Program Draws Mixed Reactions from Row Crop Farmers 
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks 
U.S. Dollar Starts 2026 Weak as Yen, Euro and Sterling Hold Firm Amid Rate Cut Expectations 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
Elon Musk Says Tesla Cybercab and Optimus Production Will Start Slowly Before Rapid Growth 
HKEX’s Permissive IPO Rules Could Open Opportunities for Korea to Strengthen Its Position in International Listings 
South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty 
Oil Prices Slide in 2025 as Oversupply and Geopolitical Risks Shape Market Outlook 
South Korea Factory Activity Returns to Growth in December on Export Rebound 
OpenAI Launches Stargate Community Plan to Offset Energy Costs and Support Local Power Infrastructure 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Lynas Rare Earths Shares Surge as Quarterly Revenue Jumps on Strong Prices 
Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty 
Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains 
Toshiba has been reported to be mulling on signing a $20 billion buyout offer from UK’s CVC Capital Partners, a private equity firm. The deal will make the Japanese company private, and the offer is being considered as it is facing pressure from shareholders regarding its governance.
Toshiba confirms deal offer from private equity firm
As per Reuters, Toshiba is reviewing the deal as it is really considering the proposal. The Japanese multinational conglomerate firm confirmed on Wednesday, April 7, that it had received an acquisition proposal from CVC.
"We received an initial proposal yesterday from CVC Capital Partners for a buyout deal,” Toshiba said in a statement. "We will request detailed information and carefully discuss the offer.”
The offer was received three weeks after the shareholders gave a “go” signal for an independent investigation into the accounting scandals that have beset the company. But despite the approval for the probe, the news outlet stated Toshiba would not invite regulatory review due to its government work.
A source revealed that the deal is now being reviewed by the company’s board that includes chief executive officer Nobuaki Kurumatani and Yoshiaki Fujimori, a senior executive advisor of CVC Japan.
Shares trading of Toshiba was suspended briefly on Tokyo's stock exchange at the open. This happened after the company confirmed the proposal from CVC Capital Partners that was reported by the local media a few hours earlier.
Details of CVC’s proposal
Based on the available information, the Luxembourg-headquartered private equity and investment advisory firm is pondering a 30% premium on the Japanese company’s current share price in a tender offer.
This places the value of the proposal at ¥2.3 trillion or almost $21 billion based on April 6’s closing share price of ¥3,830. It is a big amount, but Mio Kato, a research analyst at LightStream Research, said that the price offer to Toshiba is very low.
“We believe that current shareholders, especially activists, will want a rather steep price,” he said. “The incentives for management would be to have a friendly shareholder who would keep them in place. There is the government to consider as well for Toshiba as they seem to have been heavily involved behind the scenes.”
