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Toshiba shares down after Reuters reports it favours Bain group for chip sale

Toshiba shares down after Reuters reports it favours Bain group for chip sale
From Reuters - September 12, 2017

TOKYO (Reuters) - Shares of Toshiba Corp (6502.T) fell more than 1 percent in early Wednesday trading after Reuters reported it now favors a group led by Bain Capital LP and SK Hynix Inc (000660.KS) to buy its prized semiconductor business.

In the latest twist in the $18 billion sale process, Toshiba now hopes to reach agreement with the Bain group by next week, two people briefed on the matter said.

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