In February 2017, Toshiba announced that it was writing off $6.3 billion due to its acquisition of
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In February 2017, Toshiba announced that it was writing off $6.3 billion due to its acquisition of nuclear power plant construction firm CB&I Stone & Webster only a year before. We would argue that Toshiba’s stockholders probably didn’t suffer as a result of the reported loss.
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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