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Deals Rumor Mill: Toshiba, Rite Aid, Oi

By Benjamin Horney (June 9, 2017, 2:45 PM EDT) -- Bain Capital is partnering with a Japanese government-led consortium that also features Western Digital Corp. to bid for the multibillion-dollar memory chip business of Toshiba Corp., according to a report from Reuters on Friday. According to the report, Bain is replacing KKR & Co. LP in the group, and the private equity firm will be a minority investor if the consortium's bid is successful. Other reportedly interested suitors include a group made up of Apple Inc., Amazon.com Inc. and Foxconn Technology Group, as well as Broadcom Ltd. and Silver Lake Partners LP. The memory chip business is expected to be worth at least 2 trillion yen ($18 billion)....

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