Toshiba Wins Stay of Execution

Toshiba has had a nightmare couple of weeks, with a $5 billion write down in its nuclear business threatening to kill the company. The firm is investigating sale of its memory and semiconductor businesses and has lost its chairman, who resigned, but has managed to agree a delay in loan repayments to the end of March, to allow time for deals to be done. There are reported to have been bids from

Analyst Comment

Reports have said that at least five companies have made offers for part or most of the Toshiba semiconductor memory business. (BR)