Western Digital drops challenge to Bain consortium’s Toshiba deal
Western Digital Corporation has dropped its legal challenge to the acquisition of Toshiba Memory Corporation (TMC), the Nand flash memory unit of Toshiba Corporation, by Bain Capital Private Equity-led consortium.
The agreement between Toshiba and Western Digital removes the principal obstacle to the deal, which was approved by Toshiba shareholders in October. Under the terms of the purchase, the consortium –...
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