Toshiba's nuclear woes a hot ticket for Wall Street bankruptcy financiers
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New York
WESTINGHOUSE Electric Co's financial distress sparked a feeding frenzy among Wall Street lenders keen to give the nuclear developer a lifeline while it reorganises in bankruptcy, according to court papers and people familiar with the matter.
Toshiba Corp's shareholders on Thursday approved a proposal to split off the Japanese company's prized NAND flash memory unit, paving the way for a sale of a majority stake or even all of the business.
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