Toshiba decides against $20b buyout offer from CVC, says open to "credible" offers

Toshiba decides against $20b buyout offer from CVC, says open to "credible" offers

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

Toshiba Corp. has decided against evaluating a $20 billion buyout offer from CVC Capital Partners, saying it lacked detail, while adding it was open to “credible” offers.