Bain Capital and Innovation Network Corporation of Japan to Offer $19 Billion for Toshiba Chip Unit

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Bain, INCJ Said to Offer $19 Billion for Toshiba Chip Unit
A group led by Bain Capital LP and Japanese investors has offered about 2.1 trillion yen ($19 billion) for Toshiba Corp.’s semiconductor division, emerging as a leading bidder in the hotly contested auction, according to people familiar with the matter.