Toshiba Comments on Western Digital's Statement Regarding NAND Flash-Memory Collaboration
2017年9月14日 - 12:45PM
ビジネスワイヤ(英語)
Toshiba Corporation (TOKYO: 6502) (Toshiba) understands that
Western Digital Corporation (Western Digital) released a statement
on September 13, 2017 regarding Toshiba’s announcement of a
memorandum of understanding (MOU) with Bain Capital Private Equity
LP (Bain) affirming the parties’ intent to reach an agreement
regarding the sale of Toshiba Memory Corporation (TMC) to a
Bain-led consortium.
Toshiba regrets that Western Digital persistently overstates its
limited consent rights in public statements. As Toshiba has
previously stated, the confidential agreements between SanDisk and
Toshiba provide no reasonable basis for Western Digital’s
assertions that it is entitled to prevent a sale of TMC. Toshiba is
also disappointed by Western Digital’s misleading statements
regarding the outcome of ongoing litigation between the two
companies concerning SanDisk’s purported consent rights: the
parties have merely agreed, before a single court, to provide
notice when an agreement for the sale of TMC is signed—and prior to
a related closing—for a limited period of time, until arbitration
between the companies is underway.
Toshiba expects and is fully committed to completing a sale of
TMC by March 2018, and looks forward to a favorable resolution of
SanDisk and Western Digital’s exaggerated claims in
arbitration.
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version on businesswire.com: http://www.businesswire.com/news/home/20170913006666/en/
Media ContactToshiba CorporationKaori Hiraki,
+81-3-3457-2100Public Relations & Investor Relations
Divisionmedia.relations@toshiba.co.jpFax: +81-3-5444-9202