Toshiba Corp (6502.T)
20 Apr 2018
April 6 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
TOKYO A Hong Kong-based activist investment fund said Toshiba Corp's chip unit was worth as much as $40 billion, double the sale price agreed with a Bain-led consortium, as it escalated its opposition to the deal.
* Toshiba has no plans to cancel sale unless drastic changes occur (Recasts and writes through with analyst comment)
TOKYO, April 6 A Hong Kong-based activist investment fund opposed to Toshiba Corp's sale of its chip unit to a Bain Capital-led group said the deal should be renegotiated at a valuation of 3.3 trillion yen to 4.4 trillion yen ($30 billion-$41 billion).
TOKYO Toshiba Corp will not use the option of cancelling the $18 billion sale of its memory chip unit unless there is any "major material change" in circumstances, the Japanese conglomerate's new chief executive said on Tuesday.
* New CEO says still aim to complete deal as soon as possible
TOKYO, April 3 Toshiba Corp will not use the option of cancelling the $18 billion sale of its memory chip unit unless there is any "major material change" in circumstances, the Japanese conglomerate's new chief executive said on Tuesday.
* TOSHIBA LENDER MIZUHO CEO SAYS HAS BEEN TOLD NO CHANGE IN PLAN TO SELL MEMORY CHIP UNIT Further company coverage: (Reporting by Taiga Uranaka)
* Funds to be used for advanced LCD panel production (Recasts with announcement, background)
TOKYO Toshiba Corp said on Friday it would not be able to complete an $18 billion deal to sell its prized chip unit by an agreed deadline at the end of March, as it had not received anti-monopoly approval from China.