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Wednesday, April 21, 2021

FTSE 100 Expected to Rise as Global Markets Consider Jumbo Takeover with Toshiba

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CVC Capital Partners, KKR and other PE firms have made a $ 20 billion offer for the sprawling Japanese giant.

Such a move would put an end to years of tragedy for the group, which operates the country’s nuclear power plants.

Toshiba’s shares were halted today, and the group said it would consider the proposal at a board meeting later today.

Shares can often rise around the world during major corporate takeovers due to the hope that more deals will follow elsewhere.


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