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Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp ( ), is taking offers for a financing package to help it go through U.S. bankruptcy, people familiar with the matter said on Monday. Toshiba is reviewing proposals from financial institutions and investment firms about a so-called debtor-in-possession loan, which would carry the company through a potential bankruptcy, said two people familiar with the situation. The size of this financing package is expected to exceed $500 million, the people added. Should it file for bankruptcy, the money would allow Westinghouse to continue to pay employees and build four nuclear power plan... Full story

20 March