Hints and tips:
...In fact, a bit of a surprise, the biggest private equity deal of the year — the roughly $15bn buyout of Toshiba Corporation — is happening in Tokyo, not New York, and involves Japan Industrial Partners and...
...Japan Investment Corporation, a $30bn government-backed fund, and electronics manufacturer Nidec have also expressed interest. Investors are sharply divided on how much the company is worth....
...After spending the early part of his career defending corporations from sexual harassment lawsuits, Wigdor began displaying the same distaste for hierarchy that drove Black....
...News of the offer sent Toshiba shares up 18 per cent on Wednesday....
...(FT) Taking the cake Investment groups and hedge funds are increasingly churning out bankruptcy loans to take control of ailing corporations so quickly that lower-ranking creditors often miss the memo....
...takeover bid for a former Toshiba subsidiary....
...Sales of non-core businesses by Hitachi, Toshiba and other conglomerates, as well as Japan’s problems with finding successors for its ageing business bosses, presented attractive opportunities for buyout...
...Banks appear to have passed the first test: a short but pronounced period of market mayhem and a co-ordinated drawdown of hundreds of billions of dollars of credit by corporations feeling the strain....
...Large corporations, including Unilever, Akzo Nobel and Sanofi, are all looking to dispose of multibillion units in the coming months and are all likely targets for private equity....
...Such hurdles include antitrust issues and legal action from Western Digital, which has asserted that the terms governing a chip manufacturing joint venture between its SanDisk subsidiary and Toshiba give...
...These factories are operated via a joint venture with SanDisk, a subsidiary of Western Digital, which is locked in a legal dispute with Toshiba over the extent of the latter’s rights to sell the chip business...
...Nonetheless, the company said Toshiba Memory Corporation now planned to invest ¥600bn in its flash memory production facilities in Yokkaichi, an increase of 50 per cent from its prior estimate, and would...
...Under the terms of the deal, Bain Capital will create a special-purpose vehicle called Pangea to buy Toshiba Memory Corporation....
...Toshiba Corporation would itself be an investor....
...The sale of Toshiba Memory Corporation could still be delayed, though, by both antitrust scrutiny and an embittered legal action by SanDisk, Toshiba’s joint venture partner in the chipmaking business and...
...Under the terms of the deal, Bain Capital will create a special-purpose acquisition vehicle called Pangea to acquire Toshiba Memory Corporation....
...In the mix, too, was Western Digital, the US company that had, through its 2015 purchase of SanDisk, become a partner of Toshiba in the joint venture that drove the success of the chip business....
...Toshiba argues that the San Francisco court has no jurisdiction over the sale of a Japanese corporation to another Japanese corporation in Japan....
...It added it was confident its SanDisk subsidiary would succeed in its legal action against Toshiba....
...at Toshiba Corporation’s NAND Flash business in Japan....
...Western Digital, through its SanDisk subsidiary, co-operates with Toshiba at a Nand flash manufacturing plant in Japan, and any disruption to its chip supplies would be a blow to the US group’s business....
...Western Digital, through its subsidiary SanDisk, jointly operates a Nand flash manufacturing plant in Japan with Toshiba and any disruption to its chip supplies would be a blow to the US group’s overall...
...Investors signalled their support for the decision by lifting shares in Scana Corporation by 5 per cent on Monday in New York....
...Toshiba has argued that the San Francisco court has no jurisdiction over the sale of a Japanese corporation to another Japanese corporation in Japan....
...It said Western Digital wanted to leverage SanDisk’s consent rights to force Toshiba to grant the US firm rights it did not have....
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