Toshiba Chip-Unit Sale Needs Extra Time to Finish

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Toshiba Corp. said the closing of the sale of its chip unit has been delayed until April at the earliest as the company awaits final antitrust approval for the $19 billion deal.

The deadline to complete the deal had been March 31.

The Tokyo-based company reached a deal in September to sell the unit to a consortium, led by U.S. private-equity…

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