Hong Kong investors say CVC’s acquisition of Toshiba

Oasis management, a Hong Kong investment fund, said on Tuesday that CVC capital’s offer for Toshiba of 5000 yen a share was “far below fair value.”.

Hong Kong investors say CVC's acquisition of Toshiba

Oasis has been an investor in Toshiba since 2016. The Fund said it would be appropriate to offer Toshiba more than 6200 yen a share.

 

The fund also urged Toshiba to set up a special committee to discuss CVC’s offer as soon as possible.