Toshiba is reportedly considering rejecting a $2 billion buyout offer from British private equity firm CVC.

The report said Toshiba’s potential rejection of the buyout plan increases the possibility of a hostile takeover by CVC.

A Toshiba executive told a major bank that the company will “absolutely” maintain its listing status, a source said.

Osamu Nagayama, chairman of the Toshiba board, also opposes CVC’s proposal intended to make the Japanese company private.

Source: https://english.kyodonews.net/news/2021/04/e8e7458df03e-urgent-toshiba-mulls-rejecting-cvcs-buyout-offer-sources.html