Toshiba sale tipped

Trading in Toshiba stock was halted after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisition proposal. Toshiba said on Tuesday it had asked for more details on the proposal, was giving it “careful consideration” and would make an announcement “in due course.” Major Japanese newspaper Nikkei reported CVC Capital Partners was looking into acquiring the company for 2 trillion yen ($25 billion). CVC is an international private equity and credit company and declined to comment. Toshiba, founded in 1875, developed the nation’s first radar and microwaves, electric rice cookers and laptop computers. It also invented computer chips that store and retain data for digital cameras and cellphones. —