Домой United States USA — IT Western Digital says resubmitted bid with KKR for Toshiba's chip unit

Western Digital says resubmitted bid with KKR for Toshiba's chip unit

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Western Digital Corp said it and private equity firm KKR & Co LP had resubmitted a bid for Toshiba Corp’s prized flash memory chip unit.
As part of the bid, Western Digital will provide debt financing to facilitate a sale, the U. S. firm said in a brief statement.
Western Digital, which jointly runs Toshiba’s main semiconductor plant, has been feuding bitterly with its Japanese partner over the sale of the world’s No. 2 producer of NAND chips and has sought a U. S. court injunction to prevent any deal that does not have its consent.
Toshiba is seeking to sign a definitive agreement with its preferred bidder — a group led by the Japanese government and including U. S. private equity firm Bain Capital — by Wednesday, the day of its annual shareholders meeting.
Toshiba did not have immediate comment.
(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

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