Toshiba dismissed last week a $20 billion buyout offer from CVC Capital Partners as lacking detail(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Toshiba Corp's second-biggest shareholder called on the Japanese conglomerate to conduct a strategic review and explicitly solicit suitors, criticising the company's comments on wanting to remain listed as deterring potential acquirers. Also Read | Japan’s Toshiba president steps down amid acquisition talksToshiba dismissed last week a $20 billion buyout offer from CVC Capital Partners as lacking detail. Bain Capital, KKR & Co Inc and Canada's Brookfield Asset Management are also looking at potential bids for Toshiba, Reuters has reported. In the letter, Singapore-based 3D said it estimated Toshiba's fair stock value in excess of 6,500 yen.

Source: The Hindu April 26, 2021 05:48 UTC