TOKYO -- Global private equity firm CVC Capital Partners has proposed a deal to privatize Toshiba through a tender offer that is expected to be worth more than $20 billion, Nikkei learned Tuesday.
Toshiba CEO and President Nobuaki Kurumatani on Wednesday morning confirmed the report by Nikkei, telling reporters the "offer has come" and that the company's executives would "discuss [the offer] at a board meeting" the same day.
