Toshiba mulls rejecting CVC's buyout offer: sources

Toshiba Corp. is considering rejecting a buyout offer from British private equity firm CVC Capital Partners as the Japanese industrial conglomerate seeks to remain listed, sources close to the matter said Thursday.Toshiba's senior officials have told the company's creditor banks that the electronics and infrastructure firm is against CVC's buyout plan worth over $20 billion and asked them not to provide funding to the private equity firm for a planned acquisition, the sources said.Toshiba's potential rejection of the buyout plan raises the possibility of a hostile takeover bid by CVC, which…READ FULL ARTICLE