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Western Digital to seek temporary halt to Toshiba’s plan to deconsolidate chip division

  • September 27, 2017
  • , Asahi, Mainichi, Yomiuri, Nikkei
  • JMH Summary

Most papers wrote that Western Digital has announced its plan to ask the Permanent Court of Arbitration to issue a temporary stay on Toshiba’s plan to sell its flash memory business to a trilateral coalition including U.S. equity fund Bain Capital. Western Digital reportedly insists that the Japanese electronics giant must not be allowed to move forward with the planned sale until the court makes a final judgment on its earlier suit seeking the suspension of the Toshiba Memory sale initiative.  

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