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Tagged With "turmoil"

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Toshiba sale turmoil continues

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Toshiba sale turmoil continues Japan News is reporting that Toshiba’s preferred bidder won’t secure letters of commitment from banks by year-end “casting yet more uncertainty over a deal as disagreements over lending terms persist after months of negotiations” Japan Industrial Partners is in talks over bank financing totaling about 1.4 trillion yen ($10.6 billion) to take Toshiba private negotiations have stalled over covenants and collateral, preventing banks from deciding how much funding...
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