Toshiba Drops After Disclosing CVC Buyout Offer Has Stalled
This article is for subscribers only.
Toshiba Corp. shares tumbled after the Japanese company said a potential buyout offer from CVC Capital Partners has stalled.
Toshiba revealed a preliminary approach from CVC in early April, which sent its stock soaring. Just days later, the company’s board urged caution over the discussions, warning the proposal may not lead to a transaction.