Toshiba plans $5.4 billion proffer representing Areva element : sources

Toshiba shares slid after tidings penniless of the planned bid, which would place it up against a range of possible suitors including Alstom and Schneider Electric.

Areva, a state-controlled atomic reactor maker, has place the element up representing sale, and French Economy Minister Christine Lagarde said this week she hoped the compact would reach a colony on the feasible selling close by the end of 2009.

Officials of Toshiba were not at once upon a period at representing note on the possible bid, representing the unit, which is No.3 in its earth after ABB and Siemens.

($1=92.56 Yen)

(Reporting close by Taiga Uranaka)