TOKYO -- The $20 billion buyout offer for Toshiba by U.K. investment firm CVC Capital Partners is another twist in the conflict between the Japanese industrial conglomerate and its activist shareholders -- a battle that has Toshiba President and CEO Nobuaki Kurumatani at its heart.
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Toshiba has sought to shift to a business model that earns stable profits by providing maintenance and services for infrastructure facilities and power plants. © Kyodo
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