Western Digital offers for semiconductor manufacturing Toshiba 17.8 billion

According to the source, Western Digital has offered Toshiba for semiconductor manufacturing 17.8 billion. However, Toshiba reportedly in no hurry to take the deal.

Western Digital plans to transfer specially created for the purchase of the company’s three quarter amount and leave the rest to state-backed Fund INCJ and the development Bank of Japan, which, as we previously announced, Western Digital held talks. A few years Western Digital expects to buy out their share.

The scheme could have Toshiba, if not one circumstance: the purchase with the Western Digital will be the subject of a thorough study of the antitrust regulators, because it can take a while. And the time that Toshiba no means necessary to the end of the current fiscal year (in Japan, it will end on 31 March 2018). Otherwise, its shares can be withdrawn from trading on the Tokyo stock exchange.

Source: The Japan Times

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