Japan's Toshiba Corp. is expected to face the wrath of shareholders at its annual meeting yesterday after failing to sign a deal to sell its flash memory chip unit by a self-imposed deadline, Reuters reported yesterday. The ailing Japanese conglomerate is rushing to sell the prized unit to cover billions of dollars in cost overruns at its bankrupt Westinghouse nuclear unit. It had promised to sign a definitive agreement with a preferred bidder by yesterday’s meeting. But the preferred bidder, a group led by Japanese government investors and including U.S. private equity firm Bain Capital, has not agreed on conditions of the deal.
