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$20bn takeover bid ups Toshiba shares in U.S.

Emmanuel Jeremiah by Emmanuel Jeremiah
April 7, 2021
in Markets & Companies
0
$20bn takeover bid ups Toshiba shares in U.S.
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Shares of Japanese company, Toshiba, listed in the United States has gone up by almost 20 per cent after a takeover bid of $20bn from a British private equity fund was revealed.

Toshiba’s Chief Executive and President, Nobuai Kurumatani, confirmed the offer from CVC Capital Partners.

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Shares from the company have been temporarily stopped after the bid confirmation by CVC Capital Partners.

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According to reports, Toshiba will be focusing on renewable energy and other core businesses.

Tags: Shares priceToshibaU.S.

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Emmanuel Jeremiah

Emmanuel Jeremiah

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