TOKYO -- Private equity firm CVC Capital Partners plans to enlist Japanese companies and a state-backed investment fund in its $20 billion bid to acquire Toshiba, Nikkei has learned.
Under CVC's proposal, it would pay 5,000 yen ($45.61) per share for the engineering conglomerate and delist it from the Tokyo Stock Exchange as early as October. It would then work to raise its corporate value in order to relist the company about three years later.
