Toshiba to hold off deciding on buyer of chip unit again

Toshiba to hold off deciding on buyer of chip unit again

Toshiba to hold off deciding on buyer of chip unit again

With Toshiba sitting as the second largest producer of NAND chips, Western Digital is now interested in acquiring a large stake - or perhaps all of - Toshiba's semiconductor business.

Toshiba finally seems ready to sell its chip business, with a group led by Western Digital in prime position to make the purchase. -South Korean group had said that Bain Capital and other entities in the group would take over INCJ and DBJ's investment until the legal spat with Western Digital is resolved while raising the price tag for Toshiba Memory Corp to 2.4 trillion yen, becoming a strong contender.

Brexit bill passes second reading by 326 to 290
Brexit Secretary David Davis says "a vote against this bill is a vote for a chaotic exit from the European Union". The scene is now set for a series of close votes when the legislation reaches its committee stage in the autumn.

The sale is seen as crucial for the struggling Toshiba to plug massive losses at its U.S. nuclear division, Westinghouse Electric. It has filed an increased bid of around ¥2.4 trillion ($22.3bn), compared with an original bid of about ¥1.9 trillion on the table from Western Digital. Toshiba also denied an earlier report from Asahi Shimbun, a widely respected newspaper in Japan, that also said Western Digital had won the bidding process.

The latest decision comes after Toshiba had been inclined to seal a deal with a group led by Western Digital, which has jointly invested in Toshiba's Yokkaichi flash memory plant in central Japan. Sundry Japanese companies would hold 40.1 per cent, enabling the consortium to argue that Toshiba Memory Corporation remains in Japanese hands.

Philippe Coutinho's potential move to Barcelona has taken another twist
Liverpool manager Jurgen Klopp is reportedly set to "do a Barcelona " with his goalkeepers in the Champions League this season . As far as the defense is concerned, the likes of Gomez, Lovren and Robertson should return to the starting XI as well.

The WDC-led bid group includes the Innovation Network Corporation of Japan (INCJ), the Development Bank of Japan (DBJ) and sundry Japanese companies, including, somewhat oddly, Toshiba itself. Benchmark Co. reaffirmed a "buy" rating and issued a $135.00 target price on shares of Western Digital Corporation in a report on Thursday, September 7th.

"We think the outcome is a positive for Western Digital", Daryanani wrote. Toshiba says no decision has been made yet. The data storage provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.42. Citigroup Inc. lifted their price target on shares of Western Digital Corporation from $110.00 to $115.00 and gave the company a buy rating in a research report on Monday, May 1st.

North Korea sanctions 'not a big deal'
North Korea's government blasted the sanctions and claimed the US would "suffer the greatest pain ever" for supporting them. It "demonstrates the difficulties of negotiating with North Korea's chief sanctions enablers, China and Russia", he said.

Related news