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SK Hynix CEO says won't drop equity plans for Toshiba chip business deal

Reuters  |  SEOUL 

SEOUL (Reuters) - SK Hynix Inc said on Wednesday it does not plan to abandon its aim to gain equity in Toshiba Corp's $18 billion chip unit - an assertion that is likely to lower chances of success for the preferred bidder consortium it is part of.Toshiba's talks with the Japan government-backed consortium chosen as preferred bidder have stalled due to what sources say are proposals by SK Hynix that its financing be done via convertible bonds - a step that would provide it with a path towards an equity interest. Toshiba said on Tuesday it was now also talking with other suitors Western ...

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First Published: Wed, July 12 2017. 12:57 IST