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Toshiba (OTC: TOSBF) shares plunged 20% Wednesday after the company warned the goodwill write-off for the CB&I Stone & Webster (S&W) nuclear business, acquired from CB&I (NYSE; CBI), could “reach up to several hundred billion yen”, which was much larger than previously expected.
It disclosed that part or all of impairments could be deducted through impairment tests condu…
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