Toshiba's auction, which started with a bang, now ends in a whimper

Toshiba's auction, which started with a bang, now ends in a whimper

FILE PHOTO: A reporter raises his hand for a question during a Toshiba news conference at the company headquarters in Tokyo, Japan June 23, 2017. REUTERS/Issei Kato/File Photo

Toshiba Corp‘s auction was supposed to ignite a race for top-dollar bids among global private equity firms. Instead, it brought months of uncertainty and a solitary, scaled-back offer from the company’s business partners in Japan.