Oasis Management says CVC's offer for Toshiba is too low By Reuters

Oasis Management says CVC's offer for Toshiba is too low By Reuters

© Reuters. The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan

TOKYO (Reuters) – Hong Kong-based Oasis Management said on Tuesday CVC Capital’s reported offer of 5,000 yen a share for Toshiba (OTC:) 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)

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