Toshiba, keen to seal $18 billion chips sale, wrestles with last-minute delays

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TOKYO (Reuters) - Japan’s Toshiba Corp (6502.T) is locked in last minute discussions over “key issues” with the would-be buyers of its $18 billion memory chip business led by U.S. private equity firm Bain, potentially delaying a formal agreement on the sale.

Toshiba said on Wednesday it had agreed to sell the prized unit to the Bain consortium, and had been expected to formalize the sale on Thursday. read the rest here

9/21/179:18 PM

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