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Toshiba considering IPO for memory chip unit - FT

Reuters  |  TOKYO 

TOKYO (Reuters) - Toshiba Corp is considering an IPO of its prized memory chip business if an agreed $18 billion sale to a Bain Capital-led consortium fails to gain antitrust approval by the end of March, the Financial Times reported on Monday.The IPO is one of various contingency plans being looked at by Toshiba's top executives, the FT said, citing people familiar with the plans. It added that some analysts and Toshiba shareholders favour it over the existing deal.Toshiba agreed last September to sell Toshiba Memory, the world's second-biggest producer of NAND chips, to a consortium led by ...

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First Published: Mon, January 22 2018. 08:41 IST
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