Edition:
United States

Toshiba Corp (TOSYY.PK)

TOSYY.PK on OTC Markets Group

12.58USD
2:11pm EDT
Change (% chg)

$0.95 (+8.17%)
Prev Close
$11.63
Open
$12.30
Day's High
$12.65
Day's Low
$12.22
Volume
78,737
Avg. Vol
44,209
52-wk High
$24.49
52-wk Low
$9.51

Latest Key Developments (Source: Significant Developments)

Scana says expects westinghouse resources are sufficient to compensate for cost overruns without resorting to toshiba <6502.t> guarantees
Wednesday, 29 Mar 2017 03:57pm EDT 

day period of evaluation : Ceo says needs 30-day period to determine most prudent path forward . Says preferred option is to finish westinghouse plants .Says expects westinghouse resources are sufficient to compensate for cost overruns without resorting to toshiba <6502.t> guarantees.  Full Article

Scana Corp provides update on impact of chapter 11 filing of Westinghouse Electric on new nuclear project
Wednesday, 29 Mar 2017 07:11am EDT 

Scana Corp : Provided update on impact of chapter 11 filing of Westinghouse Electric Company on new nuclear project at V.C. Summer Nuclear Station . Says agreement will be filed today with court as part of WEC's bankruptcy filings . Agreement allows for a transition and evaluation period during which Scana, Santee Cooper will assess information provided by Westinghouse . Co, Santee Cooper have been working with wec in anticipation of bankruptcy filing for work on project to continue toward completion of units . Says will host call on March 29, during which management will provide update on impact of WEC's bankruptcy on new nuclear project .Scana, Santee Cooper will assess the information provided by Westinghouse and determine "most prudent path forward for" the new nuclear project.  Full Article

Westinghouse Electric files for bankruptcy
Wednesday, 29 Mar 2017 03:00am EDT 

Westinghouse Electric Company: Co, and certain of its subsidiaries and affiliates, filed voluntary petitions under chapter 11 of u.s. Bankruptcy code . Files for chapter 11 protection and secures $800 million in dip financing to fund operations . Seeking to undertake strategic restructuring as result of some financial, construction challenges in u.s. Ap1000 power plant projects . Existing letters of credit have been cash collateralized in full, will remain in place; financing to allow for new letters of credit to be issued .Reached an agreement with each owner of the U.S. AP1000 projects to continue these projects during an initial assessment period.  Full Article

Toshiba's Westinghouse unit begins procedure for Chapter 11 filing-Kyodo
Tuesday, 28 Mar 2017 11:04pm EDT 

Toshiba Corp <6502.T>: Toshiba's nuclear unit Westinghouse began procedure for filing for U.S. Chapter 11 bankruptcy - Kyodo Further company coverage: [nL3N1H61DU] (Reporting By Chris Gallagher) ((chris.gallagher@thomsonreuters.com;)).  Full Article

Moody's says confirms Toshiba Corp's ratings outlook negative
Tuesday, 28 Mar 2017 04:40am EDT 

: Moody's confirms Toshiba Corp's ratings; outlook negative .Moody's - Toshiba's potential filings for Chapter 11 by Westinghouse, if materializes, would be credit positive.  Full Article

Toshiba: whether or not Westinghouse files for Chapter 11 is decision for Westinghouse's board
Sunday, 26 Mar 2017 05:40pm EDT 

Toshiba Corp <6502.T>:repeats whether or not Westinghouse files for Chapter 11 is ultimately a decision for Westinghouse's board.  Full Article

Tepco to link up with Intel to manage power grids in Asia and Africa -Nikkei
Tuesday, 21 Mar 2017 05:53pm EDT 

Nikkei: Tepco to link up with intel to manage power grids in Asia and Africa -Nikkei . Tepco also aims to combine its fossil fuel power business with that of regional peer Chubu Electric Power in fiscal 2019-Nikkei .Tepco Power Grid to sign a MOU with an Intel cybersecurity company, NTT Data, Toshiba and others as early as this month- Nikkei.  Full Article

Midea Group interested in investing in Toshiba's semiconductor unit - Nikkei
Tuesday, 7 Mar 2017 05:44pm EST 

Nikkei :Midea Group is interested in investing in Toshiba's semiconductor unit - Nikkei.  Full Article

Toshiba Machine completes 31.3 mln shares' buy-back; top shareholder Toshiba cuts stake in co to 2.77 pct from 22.11
Thursday, 2 Mar 2017 09:43pm EST 

Toshiba Machine Co Ltd <6104.T> : Says co completes repurchase of 31.3 million shares of its common stock for totaling 15.85 billion yen on March 3, as result of buy-back plan for 22.37 percent stake of shares (34 million shares) .Says co's former top shareholder Toshiba Corp <6502.T> sold tendering securities 30.2 million shares (18.1 percent stake of shares outstanding) in co, cutting stake in co to 2.77 percent from 22.11 percent.  Full Article

Toshiba Corp has begun bidding process for its memory chip business - Nikkei
Thursday, 2 Mar 2017 12:02pm EST 

Nikkei: Toshiba Corp has begun the bidding process for its memory chip business - Nikkei .Toshiba will take proposals from companies,investment funds through March 29 covering their desired ownership stake,payment offer,other terms - Nikkei.  Full Article

More From Around the Web

Photo

Toshiba gets go-ahead for chip unit sale at angry shareholder meeting

Chiba, JAPAN Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future. | Video

No consensus analysis data available.