Toshiba favors Bain group for chip sale; Western Digital talks stall
13 September, 2017, 05:43 | Author: Jeff Stephens
The official announcement is expected to be made on September 20 after a scheduled Toshiba board meeting.
2017 NAND chip market leaders by share: Samsung, 37%; Toshiba, 21%; Western Digital's SanDisk, 14% (NYSE:WDC); Micron (NASDAQ:MU), 13%; SK Hynix, 12%; Intel, 3%.
Toshiba Corp. has once again chose to hold off on making a decision on the buyer of its chip unit at a board meeting as negotiations with a Western Digital Corp. -led group have stalled, sources close to the matter said Tuesday.
The NAND flash market is forecast to top US$65 billion in 2020, up from US$40 billion in 2017, according to data from a ChinaFlashMarket.com report.
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Toshiba did not immediately respond to requests for comment.
Yoshimitsu Kobayashi, an external Toshiba director, told reporters earlier on Tuesday that although the deadline is important, it is also important that negotiations head in a good direction.
Just yesterday, it looked like Western Digital were set to miss out on the deal, after a consortium led by Bain submitted a $22 billion bid of its own.
A Western Digital spokeswoman also declined to comment. The board wants the sale, beset by legal wrangling and revised bids, to be decided by Wednesday when it meets, separate people involved in the talks previously told Reuters. The sale iinvolves 18 Billion and is sold to a consortium in which Western Digital (who a year ago acquired Sandisk as well) has a large stake. KKR & Co LP and Japanese government investors, as well as Bain Capital and South Korea's SK Hynix, and Foxconn are among those also tipped for the deal, however WD seems poised to be successful.
Forecasters have cautioned people not to venture out there since the water would return with a potentially deadly vengeance. So when you're talking about the west coast of Florida, the Gulf Coast, the damage is likely to be very severe there.
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Three - Goodson, Rice and White - face termination from the force, while Miller and Nero face five days suspension without pay. Brian Rice and Officer Edward Nero - were acquitted in bench trials before Circuit Judge Barry G.
Porsche Cars Canada, Ltd., a dedicated subsidiary of Porsche AG, imports and distributes Porsche vehicles in Canada. It's available to order now for £99,291, with first United Kingdom deliveries taking place in April 2018.
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