Selling Toshiba Memory Corporation approved by the shareholders Toshiba
Toshiba today held an extraordinary shareholders ‘ meeting, which had approved an agreement to sell all of the shares of the subsidiary Memory Toshiba Corporation entered into with the company K. K. Pangea (Pangea), specially created for this transaction, a consortium led by Bain Capital Private Equity.
In published on the occasion of the press release noted that SanDisk, a subsidiary company Western Digital, addressed in connection with the sale to the court of arbitration of the International chamber of Commerce. As stated, Toshiba is awaiting the decision of the arbitration, being committed to resolving the dispute.
Toshiba Pangea and expect to complete the deal before the end of March 2018. The approval by the shareholders was a prerequisite for achieving this goal.