Oasis Management says CVC’s offer for Toshiba is too low
TOKYO (Reuters) – Hong Kong-based Oasis Management said on Tuesday CVC Capital’s reported offer of 5,000 yen a share for Toshiba Corp was “far below fair value”.
The fund, an investor in Toshiba since 2016, said a price of more than 6,200 yen ($56.54) per share for Toshiba would be appropriate.
Oasis also said Toshiba should set up a special committee to discuss the proposal as soon as possible.
($1 = 109.6600 yen)
(Reporting by Junko Fujita; Editing by Jacqueline Wong)