It has been revealed that Toshiba, a major electronics manufacturer, has received a takeover offer from UK-based investment fund CVC Capital Partners and others.


Toshiba has a policy of carefully considering whether to accept the proposal.

Toshiba received a proposal for acquisition on the 6th from UK-based investment fund CVC Capital Partners and others.



Regarding this, Toshiba President Nobuaki Kurumatani told reporters on the morning of the 7th, "We have received an acquisition proposal. We will hold a board of directors meeting to discuss this."



The content of the acquisition proposal is expected to be that the CVC side will acquire a large amount of Toshiba shares and make it private, but since Toshiba is engaged in important security-related businesses such as nuclear power and defense, it is based on the law. Pre-screening by the government is also required.



According to the people concerned, Toshiba unanimously decided at the board meeting on the morning of the 7th to consider whether to accept the proposal.



Going forward, we plan to carefully consider the terms of the acquisition, such as the purchase price of shares.



At Toshiba, there is a continuing conflict between management and investment funds of major shareholders over the operation of the general meeting of shareholders in July last year, and the CVC side will not be affected by so-called "shareholders who say things" by the acquisition. It is expected that Toshiba will seek the approval of the system as it can be established.

"Toshiba stock" price rise to the level of the daily price limit

In the Tokyo stock market, Toshiba stocks were flooded with buy orders, and the price rose to the level of the daily price limit, which is the limit of the daily price increase, and the transaction was closed.



It has been revealed that Toshiba has received a takeover offer from a UK-based investment fund, but in the market it seems that the fund will proceed with the acquisition by adding a certain amount to Toshiba's stock price. Observations have spread and investors have been flooded with buy orders.



As a result, the price was not available in the morning transaction, and at the end of the transaction time, the price was set at 4530 yen, which is the level of the daily price limit, and the transaction on the 7th was completed.

Chief Cabinet Secretary Kato "Stable business continuity is important"

Chief Cabinet Secretary Kato said at a press conference on the morning of the 7th, "This is an individual company project, and the government should refrain from commenting. Generally speaking, Japanese companies that carry out projects related to important infrastructure will be invested overseas. We believe that procedures based on the Foreign Exchange Law will be required when a house is acquired. In addition, regardless of the attributes of foreign investors, businesses that are important to Japan's economy and society will be stable. I think it is important to build and maintain a management system that can be continued. "

Former Chairman of Keidanren Mr. Sakakibara "Judgment by looking at the contents"

Regarding Toshiba's offer to acquire from a foreign investment fund, former chairman of Keidanren and chairman of the Financial System Council, Sakakibara said, "Generally speaking, nuclear power is positioned as the country's core energy. Hasn't changed, and I think the basic idea is to protect the technology. I think it's a matter of looking at the content of the acquisition proposal. "



Mr. Sakakibara was the former chairman of Keidanren and was also the chairman of the Ministry of Economy, Trade and Industry's council to discuss the country's medium- to long-term energy policy until the middle of last year.

President Mimura of the Japan Chamber of Commerce and Industry "Watching the transition with interest"

At a regular press conference on the 7th, President Mimura of the Japan Chamber of Commerce and Industry said, "The voice of the fund was increasing by putting in the money of the investment fund. With the reconstruction of Toshiba, which had to put in a lot of foreign capital. I think it's an event. I'm very interested in watching the transition as the motives and aims of the acquisition proposal will gradually become clear. "