Update on the Sale of Toshiba Memory Corporation
2017年8月31日 - 12:30PM
ビジネスワイヤ(英語)
Toshiba Corporation (TOKYO:6502) (Toshiba) is in continuing
negotiations with three consortia of potential purchasers of
Toshiba Memory Corporation (TMC): the Innovation Network
Corporation of Japan, Bain Capital Private Equity LP and
Development Bank of Japan consortium; a consortium that includes
Western Digital; and a consortium that includes Hon Hai. At this
point, Toshiba has not made any decision to reduce the pool of
candidate purchasers of TMC.
There have been media reports speculating that Toshiba will make
a decision on Aug 31 at Toshiba’s Board of Directors meeting. While
Toshiba exercised its best efforts to reach a mutually satisfactory
definitive agreement with one of the consortia seeking to purchase
TMC, the negotiation with each consortium has not reached the point
which will allow Toshiba’s Board of Directors could make a decision
regarding the sale of TMC.
The memory business requires timely investments, accelerated
product development, and the ability to quickly ramp-up large-scale
production capacity; Highly reliable memory devices are essential
to meet growing demand for storage. Accordingly, Toshiba is looking
for a purchaser of TMC that is able to deliver flexible, rapid
decision-making and enhanced financial options, and to promote
further growth of TMC’s memory business, while also being capable
of contributing enough value from the sale of TMC to return the
Toshiba group to positive equity.
Toshiba intends to continue negotiations with possible bidders
to reach a definitive agreement which meets Toshiba’s objectives at
the earliest possible date, and will announce material changes in
status in a timely manner.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170830006344/en/
Press ContactToshiba CorporationKaori Hiraki,
+81-3-3457-2100Public Relations & Investor Relations Div.Media
Relations Groupmedia.relations@toshiba.co.jp