The Bain consortium won a long and highly contentious battle for Toshiba Corp’s chip business, the world’s No. 2 producer of NAND chips.
A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit. But Toshiba was unable to c
Toshiba should aim to list the unit if the Bain group will not agree to a higher price, Argyle said.
INCJ will reduce its stake to 33.4 percent from 45.6 percent.
Mercari offers an online marketplace for individuals to trade used items primarily through a smartphone app in Japan.
Missing the end-March deadline for the sale of the chip unit to the Bain consortium gives Toshiba the option of walking away without penalties.
Japan Display is aiming to agree a deal by the end of March.
The settlement calls for Western Digital to drop arbitration claims seeking to stop the sale to the Bain consortium in exchange for Toshiba allowing
Argyle Street Management, a hedge fund with $1.2 billion under management, has sent a letter to Toshiba's board.
The pledge was made as Toshiba's chip joint venture partner Western Digital Corp objected to the unit's sale to rivals.
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