At liquidation value: M&A mongrel Forward Air – how exciting!
Let’s go for a stroll
NIKKEI ASIA reports:
The $20 billion buyout offer for Toshiba by CVC Capital Partners gives the Japanese conglomerate a chance to part ways with activist investors and focus on growth strategy. But the deal faces a number of hurdles involving investors, management and regulators.
Toshiba confirmed Wednesday that it received an “initial” proposal from the global private equity firm. “Discussions have only just begun,” a company executive said after a board meeting Wednesday morning.
CVC is aiming for a 30% premium to Toshiba’s share price, which would put the value of the deal at nearly 2.3 trillion yen ($20.9 billion) based on Tuesday’s close — a sizable investment that would be risky for CVC on its own. The firm is expected to recruit other investment funds to participate, and names such as KKR have been floated as potential candidates…
To read the full post, please click here.
Canadian government invokes 'red tape rule' to prevent rail strike
Carriers juggling capacity and port congestion 'taking us back to the dark days'
'Liner panic' as new container production hits a post-Covid peak
Vessel juggling leaves ocean alliances short of Asia-Europe capacity
E-retailer demand surge to drive extended boom in trans-Pacific air freight market
East-west freight rates continue rise; even transatlantic edges up
More checks and delays at Nhava Sheva after latest seizure of goods from China
California staff launch class action against Ceva over 'breaches of Labor Code'
Comment on this article