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Toshiba Corp (6502.T)

6502.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Toshiba updates on sale of unit Toshiba Memory
Wednesday, 20 Sep 2017 11:36pm EDT 

Sept 21 (Reuters) - Toshiba Corp <6502.T>:Says co plans to sign agreement with special purpose acquisition company Pangea, which is formed by consortium led by Bain Capital Private Equity L.P., to sell co's unit Toshiba Memory before March 31, 2018 for 2 trillion yen in total .Says co will invest 350.5 billion yen in Pangea and acquire shares of Pangea.Says other details will be disclosed later.  Full Article

Western Digital’s SanDisk units initiate new arbitration proceedings against Toshiba
Wednesday, 20 Sep 2017 06:23pm EDT 

Sept 20 (Reuters) - Western Digital Corp ::Western digital’s SanDisk subsidiaries initiate new arbitration proceedings against Toshiba in the ICC international court of arbitration.Several of its SanDisk unit have filed additional request for arbitration with ICC international court of arbitration."Toshiba's decision to unilaterally invest in manufacturing equipment at Fab 6 operations constitutes a breach of JV agreement"​.SanDisk units filed additional request for arbitration related to three NAND flash-memory JVs operated with Toshiba Corp.Believe NAND supply requirements through 2018 are secure, with no meaningful supply from Fab 6 anticipated until calendar year 2019​.  Full Article

Kinden files lawsuit against Toshiba unit TOSHIBA DENZAI MARKETING
Wednesday, 20 Sep 2017 02:28am EDT 

Sept 20(Reuters) - Toshiba Corp <6502.T>:Says Kinden Corp <<<1944.T>>> filed a lawsuit against the company's unit TOSHIBA DENZAI MARKETING CO.,LTD., claiming compensation of about 108.8 million yen .  Full Article

Toshiba says lawsuit of U.S.-based unit
Friday, 15 Sep 2017 04:25am EDT 

Sept 15 (Reuters) - Toshiba Corp <6502.T>:Says Anza Technology Inc filed a lawsuit against co's U.S.-based unit TAEC, claiming compensation for patent infringement.  Full Article

Toshiba comments on Western Digital’s statement regarding NAND flash-memory collaboration ‍​
Thursday, 14 Sep 2017 10:25am EDT 

Sept 14 (Reuters) - Toshiba Corp <6502.T>::Toshiba comments on Western Digital’s statement regarding NAND flash-memory collaboration ‍​.Expects and is fully committed to completing a sale of Toshiba Memory Corporation by March 2018.Looks forward to a favorable resolution of SanDisk and Western Digital's "claims in arbitration‍​".  Full Article

Toshiba consolidated subsidiary says lawsuit by MGV Computer Holdings
Thursday, 14 Sep 2017 02:53am EDT 

Sept 14(Reuters) - Toshiba Corp <6502.T>:Says Canada-based firm MGV Computer Holdings Inc and partner filed a lawsuit against the company's U.S.-based consolidated subsidiary TGC, claiming compensation for damages of $3.5 million (about 390 million yen).  Full Article

Toshiba comments on Western Digital's statement regarding NAND flash-memory collaboration
Wednesday, 13 Sep 2017 11:45pm EDT 

Sept 13 (Reuters) - Toshiba Corp <6502.T>:Toshiba comments on Western Digital's statement regarding NAND flash-memory collaboration.Toshiba expects and is fully committed to completing a sale of TMC by March 2018.Agreements between Sandisk and Toshiba provide no reasonable basis for Western Digital's assertions that it's entitled to prevent sale of TMC.  Full Article

Apple discussing $3 bln stake in Bain's Toshiba bid - Bloomberg
Wednesday, 13 Sep 2017 10:05pm EDT 

Sept 13 (Reuters) - :Apple discussing $3 billion stake in Bain's Toshiba bid - Bloomberg, citing sources.  Full Article

Toshiba shares down 5 percent in early trade
Wednesday, 13 Sep 2017 08:47pm EDT 

Sept 14 (Reuters) - Toshiba Corp <6502.T>:Toshiba shares down 5 percent in early trade.Company on Wednesday said it has agreed to focus on selling its chips unit to group led by Bain Capital and SK Hynix <<<000660.KS>>>.  Full Article

Toshiba says establishment of new plant in Iwate
Wednesday, 6 Sep 2017 01:35am EDT 

Sept 6 (Reuters) - Toshiba Corp <6502.T>:Says it decided establishment of new flash memory plant of unit Toshiba Memory in Iwate.  Full Article

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Toshiba prepares to formalize chips sale, even as rejected suitor steps up legal action

TOKYO Japan's Toshiba Corp is expected to formalize the sale of its prized memory chip unit on Thursday to a group led by U.S. private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh legal action.