Exclusive: Westinghouse reaches deal to resolve bankruptcy - sources


By Tom Hals and Jessica DiNapoli(Reuters) - Westinghouse Electric Co LLC, Toshiba Corp's nuclear services business, has made an agreement with its creditors that will clear the company's path out of bankruptcy, according to three people familiar with the matter.The deal will divvy up cash from the $4.

6 billion proposed sale of Westinghouse to Brookfield Business Partners , an affiliate of Canada's Brookfield Asset Management . It also increases the likelihood the bankruptcy will be resolved before Toshiba's financial year ends on March 31,.

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