deadline for chip unit sale

Toshiba agreed last year to sell the chip unit to a consortium led by US private equity firm Bain Capital to cover liabilities arising from its bankrupt US nuclear unit Westinghouse.(Reuters Fle Photo)

Toshiba unable to meet March-end deadline for chip unit sale to Bain-led consortium

Reuters, Tokyo | By HT Correspondent
PUBLISHED ON MAR 30, 2018 04:13 PM IST
Failure to meet the deadline gives Toshiba the option of walking away from the sale of the world’s No. 2 producer of NAND chips without penalty - a move that some investors have urged it to consider.
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