Selection of Preferred Bidder for the Sale of Toshiba Memory Corporation
2017年6月21日 - 9:00PM
ビジネスワイヤ(英語)
Toshiba Corporation (TOKYO:6502) hereby announces that its board
of directors today resolved to select the consortium of Innovation
Network Corporation of Japan, Bain Capital Private Equity LP, and
Development Bank of Japan (“the Consortium”) a preferred bidder in
respect of the sale of Toshiba Memory Corporation (“TMC”).
TMC was split from Toshiba Corporation on April 1, 2017, as a
wholly owned subsidiary responsible for Toshiba’s memory business.
This was done toward securing further management resources
essential for the continued growth of the memory business, and to
support Toshiba in enhancing its financial structure.
Toshiba has determined that the Consortium has presented the
best proposal, not only in terms of valuation, but also in respect
to certainty of closing, retention of employees, and maintenance of
sensitive technology within Japan.
Following this decision, Toshiba’s intention is to reach a
mutually satisfactory definitive agreement with the Consortium by
the date of its annual ordinary general meeting of shareholders,
scheduled for June 28, and to close the transaction within March
2018, upon clearance of all the required processes, including
competition law approvals in key jurisdictions.
Related News:
http://www.toshiba.co.jp/about/press/2017_06/pr0201.htm
About Toshiba
Founded in Tokyo in 1875, Toshiba Corporation is a Fortune
Global 500 company that contributes to a better world and better
lives with innovative technologies in Energy, Infrastructure and
Storage. Guided by the philosophy of “Committed to People,
Committed to the Future,” Toshiba promotes operations through a
global network of 551 consolidated companies employing 188,000
people, with annual sales surpassing 5.6 trillion yen (US$50
billion; March 31, 2016).
Find out more about Toshiba at www.toshiba.co.jp/index.htm
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Press ContactToshiba CorporationKaori Hiraki,
+81-3-3457-2100Public Relations & Investor Relations Div.Media
Relations Groupmedia.relations@toshiba.co.jp