World, As Seen from the most beautiful islands: Ireland and Cyprus

Private equity investor bids 20 billion on Toshiba


Private equity investor CVC Capital Partners has made a bid for Toshiba. It was announced by the Japanese electronics manufacturer on Wednesday morning.

Toshiba states that it would first like to receive additional information in order to assess the proposal. The market value of Toshiba at the closing of the Asian exchanges on Tuesday was 1.7 trillion yen, or 13.3 billion euros. Japanese media say CVC offers a premium of 30 percent, which Toshiba would value at over 20 billion.

Trading in the stock was suspended Wednesday morning due to a deluge of buy orders.

The question remains whether it will actually come to a deal. This requires the approval of the Japanese government.

Written by: Harry Adams

Harry Adams is a political expert who has been working for various publications under pseudonyms for 11 years. He loves sarcasm and a rigid presentation of the material without decorations.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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