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 keep or IPO the unit, or IPO a part of the unit and still ...

This story continues at Toshiba unlikely to get approval for Bain-Hynix bid; may retain or IPO memory unit

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