Toshiba clears hurdle in bid for chip equipment maker NuFlare

Offer wins support from key shareholder Toshiba Machine

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Toshiba seeks greater control of chip equipment unit NuFlare. (Photo by Makoto Kawakami)

EIKI HAYASHI, Nikkei staff writer

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.

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