Toshiba's nuclear woes a hot ticket for Wall Street bankruptcy financiers
Fri, Mar 31, 2017 - 5:50 AM
Toshiba shareholders arriving for a meeting in Chiba on Thursday. They voted to approve the sale of its prized memory chips division to cover costs resulting from the Westinghouse bankruptcy.
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.