Toshiba investor Oasis unimpressed by CVC Capital's $20b offer

Toshiba investor Oasis unimpressed by CVC Capital's $20b offer

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

Hong Kong-based activist fund Oasis Management belies CVC Capital’s $20 billion proposal to take Toshiba Corp private is “far below fair value” and has urged the Japanese conglomerate to seek other offers.