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Toshiba in Talks to Sell Up to 16% of Westinghouse Electric

Toshiba Corp., the Japanese manufacturer of nuclear reactors, consumer electronics and home appliances, is in talks to sell a stake in its Westinghouse Electric atomic-power unit as industry growth slows.

The company is in discussions with three parties on a possible sale of as much as 16 percent in the business, Toru Ohara, a spokesman for Tokyo-based Toshiba, said today by telephone, confirming comments by President Norio Sasaki reported earlier by MarketWatch.