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Toshiba in turmoil

Bain pledges 'no breakup' of Toshiba in buyout offer

U.S. private equity company seeks Kioxia IPO this year 'if possible'

Bain Capital aims to acquire Toshiba in what would be Japan's biggest cross-border private equity deal. (Photo by Yuki Kohara) 

TOKYO -- Bain Capital is promising it would keep Toshiba whole, instead of breaking up the Japanese conglomerate, and retain the current management team in a buyout proposal aimed at winning over skeptics of the U.S. company's offer.

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