Ron Burgundy Posted March 9, 2016 Share Posted March 9, 2016 Toshiba Corp said its board of directors would hold a meeting on Wednesday to discuss the planned sale of its medical equipment unit and announce the outcome swiftly if a decision is reached. The cash-strapped Japanese company said in a statement it had not yet decided on the likely buyer, responding to a report by the Nikkei business daily that Canon Inc was the front-runner with a bid of more than 700 billion yen ($6.2 billion). The auction of Toshiba Medical Systems Corp, aimed at shoring up Toshiba's capital after a $1.3 billion accounting scandal, represents an unexpected opportunity for rivals to get their hands on a respected manufacturer of diagnostic equipment such as X-ray and magnetic resonance imaging (MRI) systems. View the full article Quote Link to comment Share on other sites More sharing options...
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