UK-based investment funds that have already made acquisition proposals to Toshiba will continue to make detailed proposals even if Toshiba's president Kuratani resigns.
The investment fund, at CVC Capital Partners, made an initial proposal for the acquisition to Toshiba last week and announced its policy to make detailed proposals in the future.
According to the people concerned, CVC has no change in its policy of making detailed proposals even if Toshiba's president Kuratani resigns.
The timing of the proposal is expected to be from this weekend to next week, and the focus will be on what to do with the stock purchase price of 5,000 yen per share and the addition of public-private funds and financial institutions to joint proposers.
Regarding the reason for the acquisition proposal, CVC argues that if Toshiba delists its shares and reduces the number of shareholders, including so-called "shareholders who say things," it will speed up management decision-making. However, it will be interesting to review the reason for the proposal in response to the resignation of President Kuratani, who was in conflict with the shareholders who say things.
Furthermore, regarding Toshiba, it is said that other overseas investment funds are also interested in acquisitions, and it has been pointed out that there is a possibility that it will develop into an acquisition battle among market participants.