Deals
Toshiba Surges 18% Limit After CVC Capital Makes Buyout Offer
- The buyout could be worth more than $20 billion, Nikkei says
- Deal could be the largest PE-led buyout in several years
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Toshiba Corp. surged its daily limit of 18% after confirming it received an initial buyout offer from CVC Capital Partners, setting the stage for potentially the largest private equity-led acquisition in years.