TOKYO -- Toshiba Machine said Wednesday it will sell the company's nearly 16% stake in NuFlare Technology to Toshiba, easing the way for the Japanese technology group to take control of the chip equipment maker.
The board decision comes less than a day before the 3:30 p.m. Jan. 16 deadline for Toshiba's tender offer, which sparked a bidding war over NuFlare but now has a greater chance of succeeding.
