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Toshiba inks 2t yen deal to sell chip arm to Bain consortium

Final agreement's signing is a major step toward completing pact after months of negotiations


TOSHIBA Corp signed a final agreement to sell its flash memory chip business to a group led by Bain Capital for about two trillion yen (S$24.1 billion), moving a step closer to completing the deal after months of contentious negotiations.

The Bain consortium includes major...

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