Immediate Discord on Toshiba Sale of NAND Chip Unit

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Toshiba $18 billion sale of chip unit signed, but discord emerges immediately
But in an inauspicious sign, a Tokyo news conference on the deal was cancelled, with Bain saying the consortium could not form a consensus on whether to brief media – underscoring fears that the 8-member group contained too many competing interests for it to work well.
Although the news conference was cancelled just minutes before it was due to begin, the head of Bain Capital in Japan, Yuji Sugimoto, said the disagreements over the briefing had no bearing on the contract.