Toshiba Shareholders Approve Sale of Memory Chip Division to Cover Westinghouse Bankruptcy Losses

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Troubled Japanese electronics conglomerate Toshiba Corp. plans to sell its memory chip division to shore up its beleaguered balance sheet. On Thursday, shareholders approved the sale of the division, which analysts have described as the company’s “crown jewel.” The division accounted for 25 percent of Toshiba’s revenue last year. The company said the sale will

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