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Bain replacing KKR for Toshiba bid

Jun. 09, 2017 3:52 AM ETKKR & Co. Inc. (KKR) StockWDC, TOSBF, KKR, TOSYYBy: Yoel Minkoff, SA News Editor4 Comments
  • Bain Capital is replacing rival KKR in a Japanese government-led consortium bidding for Toshiba's (OTCPK:TOSYY) prized chip unit, sources told Reuters, without identifying the reason.
  • The group, led by state-backed Japan Innovation Network Corp and also includes Western Digital (NYSE:WDC), is one of two frontrunners in the race for the world's second biggest producer of NAND flash memory chips.

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