Oasis Management Consider’s CVC’s Offer to Toshiba too Low
Oasis Management said CVC Capital's $20 billion proposal to take Toshiba private was "far below fair value”, encouraging the Japanese tech giant to consider other offers on Tuesday.
"We understand that the bid was unsolicited and not initiated by Toshiba’s board. However we believe that the company should seriously consider the offer, for the benefit of all shareholders”, Oasis - a solid investor in Toshiba since 2016, commented.
According to the company, a price of more than 6,200 yen ($56.54) per share for Toshiba would be appropriate instead of a reported offer of 5,000 yen.
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