HK fund Argyle says Toshiba chip unit worth more than $30b

HK fund Argyle says Toshiba chip unit worth more than $30b

The logo of Toshiba is seen as a shareholder arrives at Toshiba's extraordinary shareholders meeting in Chiba, Japan March 30, 2017. REUTERS/Toru Hanai

A Hong Kong-based activist investment fund opposed toToshiba Corp’s sale of its chip unit to a Bain Capital-led group said the deal should be renegotiated at a valuation of 3.3 trillion yen to 4.4 trillion yen ($30billion-$41 billion).

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