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Posted on: April 3, 2018, 9:31 a.m.
Toshiba was unable to complete the sale to a consortium led by U.S. private equity firm Bain Capital by the agreed deadline as it was still waiting for approval from China’s anti-monopoly regulator. Toshiba will not use the option of canceling the $18 billion sale of its memory chip unit unless there is any “major material change” in circumstances. Full investment news articleRelevent to this post: Michigan State University Office of Investments University of Nebraska Foundation,