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Business deals

Hoya to launch $1.4bn counter-bid for Toshiba unit NuFlare

Electronics maker plans to buy at least 66.67% of chip maker

Hoya plans to pay 12,900 yen per share, exceeding Toshiba's offer of 11,900 yen. (Photo by Kento Awashima)

TOKYO (Reuters) -- Japan's Hoya Corp said on Friday it would make a $1.4 billion counter-bid for NuFlare Technology Inc in what could become a hostile offer for the Toshiba Corp unit, which the electronics conglomerate plans to buy out.

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