Tokyo Stock Exchange

Toshiba, Bain executives join in push for memory-chips sale

At Toshiba's flash-memory chip plant in Yokkaichi, the orderly quiet of the clean room, with its metal boxes zipping around on overhead rails, contrasts sharply with the messy feud between its owners over plans to sell this prized asset.

Toshiba plans to sell its memory chip business to a multinational consortium led by Bain Capital investment fund. The Japanese electronics and energy conglomerate's U.S. joint venture partner Western Digital opposes the deal.

The plant in Yokkaichi, 290 kilometers (180 miles) southwest of Tokyo, makes highly lucrative SanDisk memory chips — the business Toshiba has agreed to sell to a consortium headed by investment company Bain Capital...

32°