It looks as if Toshiba will not get regulatory approval for the sale of its memory business to a Bain-Hynix led consortium by the March 31st deadline. Failure to get approval would be vastly beneficial to Toshiba because it could then IPO the unit, or a part of the unit, and could still retain control.. ...
This story continues at Toshiba unlikely to get approval for Bain-Hynix bid; may IPO instead
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