Toshiba investor Oasis unimpressed by CVC Capital’s $20b offer

FILE PHOTO: The logo of Toshiba Corp is seen behind a traffic signal at its headquarters in Tokyo, Japan January 27, 2017. REUTERS/Toru Hanai/File Photo

Hong Kong-based activist fund Oasis Management belies CVC Capital’s $20 billion proposal to take Toshiba Corp private is “far below fair value” and has urged the Japanese conglomerate to seek other offers.

An investor in Toshiba since 2016, the fund said that a price of more than 6,200 yen ($56.54) per share for Toshiba would be appropriate, rather than the reported offer of 5,000 yen per share.

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