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To: Unwelcomeguest who wrote (2474)	9/29/2017 10:54:06 AM
From: Sam	Read Replies (2) \| Respond to of 4834

Not only that, but according to the latest reports, they are paying Toshiba less than KKR/WDC's last offer. Which is kind of incredible.... Understanding cultural differences is critical in business. Not just between countries, but between corporate cultures as well. It has been the ruin of many of a partnership, to paraphrase one of the all time great songs.

To: Unwelcomeguest who wrote (2474)	9/29/2017 11:38:22 AM
From: SiliconAlley	Respond to of 4834

Toshiba wanted WDC to ignore their consent rights, and WDC did not do so. While this offended Japanese culture, it was the right thing to do. Japanese respect relationships above contracts, however WDC had an overriding duty to protect its shareholders and investments. Why couldn't they work out an arrangement? Because Toshiba wouldn't enter into one. In the meantime, I already bought this morning's dip, sold it on the recovery, and will have a really nice lunch today.