Late yesterday, The Cannata Report received the following statement from Toshiba America Business Solutions’ President, CEO & Chairman Scott Maccabe regarding CVC Capital Partners’ proposal to acquire Toshiba Corp.
On April 6th, Toshiba Corporation received an unsolicited proposal from CVC Capital Partners. In a statement, Toshiba Corporation has confirmed that it had “received an initial proposal” and would “ask for further clarification and give it careful consideration.”
While Toshiba Corporation is a majority shareholder of Toshiba TEC, it is important to note that Toshiba TEC is a separate entity, also listed on the Nikkei exchange.
Neither Toshiba TEC, nor TABS, can comment on the proposal other than to state that it has been received and is being considered.
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