Faced with new bid, Toshiba looks set to miss chip sale deadline

Faced with new bid, Toshiba looks set to miss chip sale deadline

7 years ago
Anonymous $wKBR2uNMvM

https://www.reuters.com/article/us-toshiba-accounting-idUSKCN1BB00U

Toshiba Corp looks set to miss its own deadline of Aug 31 to agree an $17.3 billion sale of its chips business, a deal that would plug a gaping balance sheet hole and help the group avoid an embarrassing and potentially costly delisting.