The New Zealand Herald

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. —

Newspapers in English

Newspapers from New Zealand