WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

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11:32 AM EST

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To: Bruno Cipolla who wrote (2448)	9/28/2017 4:34:00 PM
From: Greg Hull	Read Replies (3) of 4836

Bruno, could you clarify something for me? The Bain agreement calls for the sale to be consummated even if the litigation is unresolved. If that is the case, Toshiba will not transfer its three joint ventures with Western Digital to the acquirers and the purchase price will be adjusted accordingly, [so the deal would be worth just a third of about 18B$ that is 6B$, the exact amount of Toshiba's balance hole] unless the transfer of the memory business itself is blocked by injunction, the statement said. [this way the deal would be worth zero] If the litigation is unresolved, Bain et al. would be paying $6B for what - the existing NAND products that Toshiba sells to Apple and others? Also, this values the Toshiba portion of the JVs at $12B. Maybe I haven't been paying attention, but has this been published before? Thanks, Greg

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