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

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Oct 28 3:59 PM EDT

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From: Sam	6/26/2024 2:13:14 PM
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Kioxia said to file for public listing after Western Digital deal fails: report Jun. 26, 2024 12:50 PM ET By: Chris Ciaccia, SA News Editor Japanese chipmaker Kioxia, which is majority owned by private equity firm Bain Capital, is said to be getting ready to list its shares on the Tokyo Stock Exchange, Reuters reported. The application could come as soon as August, with the eventual initial public offering happening at the end of October, the news outlet added, citing people familiar with the matter. Kioxia, which makes memory chips, had sought to restart talks to merge with Western Digital (NASDAQ: WDC) earlier this year, but strategic investor SK Hynix has opposed a merger. The talks were first halted in October after the deal failed to secure approval from SK Hynix. The companies were also unable to agree on the merger's conditions with Bain Capital, which owns approximately 56% of Kioxia, according to a Nikkei report at the time. SK Hynix has said it opposed the merger of Kioxia and Western Digital's flash memory business due to the impact on the value of the company's investment. more at seekingalpha.com

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