Failure to get approval would be vastly beneficial to Toshiba because it could then IPO the unit, or a part of the unit, and could still retain control..

It is thought that an IPO would value the unit at several billions more than the $18 billion Bain-Hynix bid.

Hon Hai had offered nearly $30 billion in the bidding process.

Furthermore Toshiba has now raised all the money it needs to cover the liabilities of its nuclear unit which were the catalyst for the sale of the memory unit.

National regulators will be relieved if Toshiba retains control of the unit because the Bain-Hynix bid is structured in an opaque way which could be a Trojan Horse for Hynix to gain control of the Toshiba unit.

That would reduce the number of significant NAND producers to three – Samsung, Hynix and Micron.

And then, memory prices would likely rise even more than they have done.