Toshiba CEO’s surprise resignation may spark bidding war for Japanese conglomerate
Nobuaki Kurumatani had been under fire over an unpopular bid from CVC Capital Partners as well as allegations he pressured investors to support his board nominations
14 April 2021 - 18:45
Tokyo — Toshiba CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20bn buyout bid from CVC Capital Partners, while its shares rose on reports that KKR and Brookfield are also planning offers.
Satoshi Tsunakawa, who led the company before Kurumatani and until Wednesday was chair, will once again assume the helm...
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