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Seagate to participate in consortium led by Bain Capital to acquire Toshiba Memory Corp


Thursday, 28 Sep 2017 05:31am EDT 

Sept 28 (Reuters) - Seagate Technology Plc :Seagate to participate in consortium led by Bain Capital Private Equity to acquire Toshiba Memory Corporation.Seagate Technology Plc - ‍commits to provide up to $1.25 billion in financing​.Seagate Technology Plc - ‍expects to enter into a long-term nand supply agreement​.Seagate Technology - to participate in consortium led by Bain Capital Private Equity that entered into deal with Toshiba to acquire Toshiba Memory Corp.Seagate Technology Plc - ‍Seagate has committed to provide up to $1.25 billion in financing to support acquisition​.Seagate Technology Plc - ‍Seagate expects this transaction to be accretive to its earnings​.