Toshiba (TOSBF.PK) has little choice but to bet on nuclear power after Shaw (SHAW +1.4%)...

|About: Toshiba Corp. (TOSBF)|By:, SA News Editor

Toshiba (TOSBF.PK) has little choice but to bet on nuclear power after Shaw (SHAW +1.4%) exercises an option to sell back a 20% stake in Westinghouse. A strong yen allows Shaw to realize a $550M currency gain on the deal, and makes it tricky for Toshiba to sell to a non-Yen buyer if it wants out of the nuclear biz.