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Toshiba Corp (6502.T)

6502.T on Tokyo Stock Exchange

285JPY
20 Apr 2018
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Fri, Apr 6 2018

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Activist fund says Toshiba chip unit worth as much as $40 billion

TOKYO A Hong Kong-based activist investment fund said Toshiba Corp's chip unit was worth as much as $40 billion, double the sale price agreed with a Bain-led consortium, as it escalated its opposition to the deal.

Activist fund says Toshiba chip unit worth as much as $40 billion

TOKYO A Hong Kong-based activist investment fund said Toshiba Corp's chip unit was worth as much as $40 billion, double the sale price agreed with a Bain-led consortium, as it escalated its opposition to the deal.

UPDATE 2-Activist fund says Toshiba chip unit worth as much as $40 bln

* Toshiba has no plans to cancel sale unless drastic changes occur (Recasts and writes through with analyst comment)

Hong Kong fund says Toshiba chip unit worth more than $30 bln

TOKYO, April 6 A Hong Kong-based activist investment fund opposed to Toshiba Corp's sale of its chip unit to a Bain Capital-led group said the deal should be renegotiated at a valuation of 3.3 trillion yen to 4.4 trillion yen ($30 billion-$41 billion).

Toshiba won't cancel $18 billion chip deal unless any major material change - CEO

TOKYO Toshiba Corp will not use the option of cancelling the $18 billion (12.79 billion pounds) sale of its memory chip unit unless there is any "major material change" in circumstances, the Japanese conglomerate's new chief executive said on Tuesday.

Toshiba won't cancel $18 billion chip deal unless any major material change: CEO

TOKYO Toshiba Corp will not use the option of cancelling the $18 billion sale of its memory chip unit unless there is any "major material change" in circumstances, the Japanese conglomerate's new chief executive said on Tuesday.

UPDATE 1-Toshiba won't cancel $18 bln chip deal unless any major material change -CEO

* New CEO says still aim to complete deal as soon as possible

Toshiba won't cancel $18 bln chip deal unless any major material change -CEO

TOKYO, April 3 Toshiba Corp will not use the option of cancelling the $18 billion sale of its memory chip unit unless there is any "major material change" in circumstances, the Japanese conglomerate's new chief executive said on Tuesday.

BRIEF-Toshiba Lender Mizuho CEO Says Has Been Told No Change In Plan To Sell Memory Chip Unit

* TOSHIBA LENDER MIZUHO CEO SAYS HAS BEEN TOLD NO CHANGE IN PLAN TO SELL MEMORY CHIP UNIT Further company coverage: (Reporting by Taiga Uranaka)

Toshiba says unable to meet end-March deadline for chip unit sale

TOKYO Toshiba Corp said on Friday it would not be able to complete an $18 billion deal to sell its prized chip unit by an agreed deadline at the end of March, as it had not received anti-monopoly approval from China.

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