Toshiba sells TV, visual solutions unit
EQT Corp. adds to board after closing on acquisition
Troubled Toshiba Corp. is selling 95 percent of its TV and other visual products subsidiary to Chinese electronics maker Hisense Group as part of its effort to stay afloat. Tokyo-based Toshiba announced the 12.9 billion yen ($113 million) deal Tuesday. It is scheduled to be completed by or after February 2018, pending regulatory approval and other steps. Tokyo-based Toshiba is suffering massive losses from its nuclear business. Its U.S. nuclear operations at Cranberry-based Westinghouse Electric Co. filed for bankruptcy earlier this year.
After closing on the acquisition of Rice Energy Inc. on Monday, Downtown-based EQT Corp. added four