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Bain Capital says to meet media on Thursday to discuss Toshiba chip deal

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Bain Capital says to meet media on Thursday to discuss Toshiba chip deal

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TOKYO (Reuters) – U.S. buyout firm Bain Capital, which leads a consortium that last week signed an $18 billion deal with Toshiba Corp <6502.T> to buy its chip unit, said it will hold a news conference at 3 pm JST (0600 GMT) on Thursday to discuss the deal. Bain Capital last week called a news conference to talk about the deal but cancelled the event at the last minute, saying the consortium led by Bain could not form a consensus on whether to brief the media. [nL4N1M92T7] Bain Capital’s managing director Yuji Sugimoto will meet journalists, Bain said in a statement.

(Reporting by Junko Fujita; Editing by Muralikumar Anantharaman)
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