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Toshiba Corp (TOSYY.PK)

TOSYY.PK on OTC Markets Group

13.80USD
26 May 2017
Change (% chg)

$-0.10 (-0.72%)
Prev Close
$13.90
Open
$13.89
Day's High
$13.89
Day's Low
$13.77
Volume
25,201
Avg. Vol
47,896
52-wk High
$24.49
52-wk Low
$9.51

Latest Key Developments (Source: Significant Developments)

Four bidders and U.S. partner Western Digital competing to buy Toshiba's memory chip unit- Nikkei
Thursday, 25 May 2017 06:03pm EDT 

May 26 (Reuters) - Nikkei:Toshiba told Sumitomo Mitsui Banking., Mizuho Bank, other lenders it will begin negotiating with four suitors that submitted second-round bids for Toshiba Memory - Nikkei.Toshiba will also enter into separate discussions with western digital, which is seeking to block the auction on contractual grounds- Nikkei.Toshiba also hinted it received offers exceeding the 2 trillion yen ($17.9 billion) asking price - Nikkei.Kohlberg Kravis Roberts and Bain Capital submitted bids before the May 19 deadline, as did American chipmaker Broadcom and Taiwan's Hon Hai Precision Industry - Nikkei.  Full Article

Sharp Corp seeking a roughly 20% stake in Toshiba's memory business in a joint bid with Hon Hai Precision Industry - Nikkei
Monday, 15 May 2017 05:25pm EDT 

May 16 (Reuters) - Nikkei::Sharp Corp seeking a roughly 20% stake in Toshiba's memory business in a joint bid with Hon Hai Precision Industry - Nikkei.  Full Article

Kyoden acquires 20 pct stake in Tosei
Monday, 15 May 2017 02:36am EDT 

May 15 (Reuters) - Kyoden Co Ltd <6881.T>:* Says it acquires 400 shares(20 percent stake) of Tosei Corp <8923.T> from a Tokyo-based company, which is engaged in consultant regarding manufacture and sale of electronic goods.* Says it raises voting power in TOSEI CORPORATION. to 20 percent, from 0 percent .* Acquisition price is not disclosed .* Transaction occurred on May 15.  Full Article

Toshiba CEO: No plan to postpone May 19 deadline for 2nd round of bidding for chip unit
Monday, 15 May 2017 02:20am EDT 

May 15 (Reuters) - Toshiba Corp <6502.T> Chief Executive Officer Satoshi Tsunakawa::aim to explain legitimacy of Toshiba's position in chip unit sale to bidders and try to wipe out concerns.no plans to postpone May 19 deadline for second round of bidding for chip unit.company not violating joint venture contract, Western Digital has no grounds to stop chip sale process.aim to explain to Western Digital that Toshiba is not breaching JV contract, hope to continue dialogue with Western Digital CEO.  Full Article

Mitel Networks Corp signs MoU to transfer certain assets, support obligations, including existing inventory, from Toshiba Corp to Mitel
Thursday, 11 May 2017 05:00pm EDT 

May 11 (Reuters) - Mitel Networks Corp ::Mitel networks corp - has signed mou to transfer certain assets and support obligations, including existing inventory, from toshiba corp to mitel.Mitel networks corp says transaction is expected to be immediately accretive; additional financial terms of deal were not disclosed.  Full Article

Toshiba Corp keeps current auditor for fiscal 2016 earnings - Nikkei
Wednesday, 10 May 2017 03:05pm EDT 

May 11 (Reuters) - Nikkei: :Toshiba corp to have its current auditor PricewaterhouseCoopers Aarata handle its earnings for FY ended March 31 .Toshiba corp may submit a request soon to Financial Services Agency to extend securities report deadline beyond June .  Full Article

Japan trade min: Will apply trade control law if fears of technology transfer with sale of Toshiba's chip business
Tuesday, 9 May 2017 07:27pm EDT 

May 9 (Reuters) - Japan's minister of economy, trade and industry, Hiroshige Seko, says: :will apply trade control law without hesitation if fears of technology transfer with sale of Toshiba Corp's <<<6502.T>>> chip business.  Full Article

Toshiba Corp has decided to drop its current auditing firm - Nikkei
Tuesday, 25 Apr 2017 01:01pm EDT 

April 25 (Reuters) - Nikkei::Toshiba Corp has decided to drop its current auditing firm - Nikkei.  Full Article

Toshiba says five domestic shareholders files lawsuit claiming for compensation of 14.07 bln yen
Friday, 21 Apr 2017 05:34am EDT 

April 21 (Reuters) - Toshiba Corp <6502.T>:* Says five domestic shareholders filed lawsuit against the company due to improper accounting treatment, on March 31, claiming for compensation of 14.07 billion yen .* Says a total of 20 lawsuits were filed claiming for compensation of about 50.2 billion yen in total, as of April 21.  Full Article

Toshiba says four domestic corporations files lawsuit claiming for compensation of 18.25 bln yen
Thursday, 20 Apr 2017 09:50pm EDT 

April 20 (Reuters) - Toshiba Corp <6502.T>:* Says four domestic shareholders filed lawsuit against the company due to improper accounting treatment, on March 28, claiming for compensation of 5.12 billion yen and 13.13 billion yen .* Says a total of 18 lawsuits were filed claiming for compensation of about 32 billion yen in total, as of April 20.  Full Article

More From Around the Web

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Western Digital may join Japan-KKR group for Toshiba chip unit bid: sources

TOKYO Western Digital Corp may join a consortium of Japanese government money and KKR & Co LP to bid for Toshiba Corp's chip unit, backing away from an earlier demand for an immediate majority stake, two sources familiar with the matter said.

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