TOKYO (dpa-AFX) - U.S. private-equity firm Bain Capital Private Equity LP signed a memorandum of understanding with Toshiba Corp.(TOSYY.PK, TOSBF.PK) saying it intends to reach a deal to buy the Japanese conglomerate's memory-chip business by the end of September, Toshiba said.
Toshiba said it retained the right to negotiate with other bidders.
'Toshiba intends to reach a definitive agreement that fully meets our objectives at the earliest possible date,' said Yasuo Naruke, Senior Executive Vice President of Toshiba.
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