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Toshiba to be acquired?

  • The Nikkei Asia newspaper is reporting that CVC Capital Partners, a global private equity firm, is attempting to acquire Toshiba for more than $20 billion
  • Offer is 30% more than current Toshiba share price
  • Supposedly is also recruiting other investors to help with acquisition
  • Toshiba, currently a publicly traded company, is battling with its activist investors, who are trying to investigate the company for alleged mismanagement
    • If acquired, Toshiba would be privately held, and immune from activist shareholders
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