Yesterday, the Toshiba board had to decide on a new initiative by Western Digital Corporation , according to which US partners of the Japanese memory manufacturer refused to claim Toshiba Memory assets in exchange for increasing their share in the joint venture, which the Japanese side formed with SanDisk. Later, the latter company came under the control of WDC, and therefore a new occasion arose for negotiations.
As explained by Reuters , this decision was not passed on the vote, and now Toshiba management hopes to agree with WDC to the next Wednesday, September 13. The American side is now trying to persuade Toshiba Memory to enter the public offering, hoping to get about 16% of the company's capital, which should be separated from the parent company Toshiba.
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