Western Digital Corp (WDC.OQ)
23 May 2017
TOKYO A Japanese state-backed fund plans to sell nearly a fifth of shares in chip maker Renesas Electronics Corp - worth $2.7 billion at current prices - bolstering its coffers amid expectations it is planning to invest in Toshiba's chip unit.
* INCJ seen teaming up with another suitor for Toshiba chip unit (Recasts and adds details of the stock sale)
May 16 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
TOKYO Japan's government said on Tuesday it wanted Toshiba Corp and partner Western Digital Corp to cooperate, expressing concern about an escalating dispute between the two that threatens to upend the sale of Toshiba's chip unit.
TOKYO Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. | Video
TOKYO, May 16 Japanese Trade Minister Hiroshige Seko said on Tuesday that it was "very important" for Toshiba Corp and its joint venture partner Western Digital Corp to cooperate, rather than be at odds.
TOKYO Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate.
* Western Digital seeks to unwind JV assets transfer to chip unit
BRIEF-Japan's top government spokesman: want to closely watch Western Digital's move to stop Toshiba chip sale process
May 15 Japan Chief Cabinet Secretary Yoshihide Suga said:
May 15 Toshiba Corp Chief Executive Officer Satoshi Tsunakawa:
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