Not demonstrating a high interest in Computex 2017, Reuters news agency continues to systematically cover the situation around the Toshiba business of manufacturing solid-state memory. As it became known to the source, Toshiba will not have time for the next shareholders meeting , which is scheduled for June 28, to publish the audited financial statements, as the friction with the audit company PricewaterhouseCoopers Aarata does not allow to sign the final version of the annual report. The Japanese memory manufacturer still hopes to have time to publish the report before June 30 of this year, otherwise its shares may be excluded from the quotation list of the Tokyo Stock Exchange.
Reuters also reported yesterday that Western Digital Corporation may abandon its plans to acquire 51% of Toshiba Memory immediately by agreeing to form an investment alliance that includes Japanese investment funds and banks (INCJ, DBJ) and American KKR & Co LP. Under the terms of the deal, WDC can get a smaller share in the capital of Toshiba Memory. According to the source, WDC does not lose hope later to buy additional shares from institutional investors when they want to get rid of Toshiba Memory assets. True, it is not entirely clear how the authorities and the government of Japan will react to this. As you know, the latter still insists on protecting Toshiba's technologies from the transition to control of foreign capital.
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