Hints and tips:
...Elliott’s thesis is that Western’s 2016 acquisition of SanDisk for $19bn proved confusing to investors. Today, Western’s total enterprise value is roughly $20bn....
...Its Nand flash memory unit also sells to consumers, including through its SanDisk brand and by bundling its storage technology into laptops and smartphones....
...Elliott urged Western to break up those two halves of its business which came together from Western’s $19bn acquisition of SanDisk in 2016....
...Memory is a notoriously volatile business, but Kingston — a name made up in two minutes — is the near-equal top in storage with SanDisk, formed in the Bay area at the same time....
...ZTE relies on US sources for its newest Axon M smartphone, buying protective glass and 60 per cent of other electronics from the likes of Qualcomm, SanDisk and Skyworks Solutions, according to consultancy...
...in favor of protecting SanDisk’s contractual rights.”...
...It has insisted that its joint venture with Toshiba, via its SanDisk subsidiary, gave it the right to participate in any deal....
...75,000 people globally and a major buyer of parts from US companies such as Qualcomm and SanDisk, write Louise Lucas and Emily Feng....
...Difficulty may come in the form of legal action from Western Digital, which has asserted that the terms governing a chip manufacturing joint venture between its SanDisk subsidiary and Toshiba give it a say...
...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...
...Additionally, a legal dispute with joint venture partner SanDisk, which is now owned by Western Digital, could complicate matters as the companies head to arbitration. (Image: Getty)...
...The US chipmaker had been part of a rival bidding consortium for the assets, and has also asserted that the terms governing the joint venture between Toshiba and SanDisk gave it a say in the sale....
...consent, as the language in the relevant JV agreements is unambiguous, and multiple courts have ruled in favor of protecting SanDisk’s contractual rights....
...Additionally, a legal dispute with joint venture partner SanDisk, which is owned by Western Digital, could complicate matters as the companies head to arbitration....
...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...
...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....
...In 2016, Western Digital acquired SanDisk. It has brought its case based on the contracts governing the joint ventures....
...It added it was confident its SanDisk subsidiary would succeed in its legal action against Toshiba....
...The JV, which began nearly two decades ago, started life as a series of tie-ups between Toshiba and SanDisk, the US flash memory maker acquired last year by Western Digital....
...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...
...At the centre of the legal dispute are three joint ventures between Toshiba and SanDisk, a chip company that was acquired by Western Digital last year....
...In a filing to a Californian court, several of US-based Western Digital’s SanDisk subsidiaries sought an order to prevent Toshiba from transferring its interest in three flash -memory joint ventures back...
...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....
...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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