Tokyo — Toshiba is all but guaranteed to miss a May 1 deadline to sell its memory chips business to a Bain Capital-led group, people familiar with the matter say, raising the chances it may consider other options that could yield billions of additional dollars for the unit. Chinese regulators were now conducting a third review of the deal, which was due to be completed by May 28, said one of the people, asking not to be identified because the discussions are not public. The process was originally supposed to be wrapped up by March 31. Toshiba and Bain wanted to finalise the current agreement, but they could not wait forever, another person said. Toshiba shares rose as much as 5.3% in early trade on Monday, the biggest intraday jump since November. Toshiba may be able to fetch a higher price for its semiconductor unit if it seeks alternatives to the ¥2-trillion ($18.6bn) sale. The division is probably worth at least $22bn to $24bn now and Toshiba could realise that value through an i...
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