Toshiba Shareholders Approve Chip Unit Sale but Specter of Delisting Still Looms

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Last month, Toshiba Corporation announced that it had chosen a group led by U.S. private-equity firm Bain Capital as the buyer for Toshiba Memory Corporation, the company’s chip business (see “Toshiba Agrees on Chip Unit Sale but Questions Linger”). Now, Toshiba’s shareholders have approved the sale. Bain is shelling out an estimated ¥2 trillion ($18

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