Sources have told NHK that British-based investment fund CVC Capital Partners is offering a premium in its buyout bid for Japanese industrial giant Toshiba.
The sources say the private equity fund proposed to pay about 5,000 yen, or 45 dollars, per share to take the company private. That would make the offer worth more than 20 billion dollars.
Toshiba shares soared more than 18 percent on the Tokyo Stock Exchange on Wednesday in response to the news of the possible takeover. But the reported offer is even higher.
The sources also say Toshiba will set up a task force led by its vice president to study how the buyout would affect its management, including the impact on financing if the company is delisted.
Toshiba has been at odds with activist shareholders.
CVC may be aiming to win over Toshiba's board by suggesting that going private would protect the company from their influence.