Tagged With "Bain Capital"

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Embattled Toshiba hits a new hurdle as talks with Bain stall

Art Post ·
Tokyo/San Francisco — Toshiba’s talks to sell its chips business to a consortium led by Bain Capital hit an impasse over the timing of payments for the business and governance issues, according to people familiar with the matter. The new hurdle casts doubt on the company’s ability to complete a deal quickly. The Bain group wants to make cash payments after Toshiba resolves a legal dispute with partner Western Digital, while Toshiba wants the money earlier, said the people, asking not to be...
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Toshiba Eyes Cancelling Chip Unit Sale if No China Approval by May

Art Post ·
TOKYO (Reuters) - Japan's Toshiba Corp has decided it will cancel the planned $18.6 billion sale of its memory chip unit if it does not get approval from China's anti-monopoly regulator by May, the Mainichi newspaper said on Sunday. A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit, which Toshiba put up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit plunged it into crisis. But...
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Toshiba, keen to seal $18 billion chips sale, wrestles with last-minute delays

Art Post ·
TOKYO (Reuters) - Japan’s Toshiba Corp ( 6502.T ) is locked in last minute discussions over “key issues” with the would-be buyers of its $18 billion memory chip business led by U.S. private equity firm Bain, potentially delaying a formal agreement on the sale. Toshiba said on Wednesday it had agreed to sell the prized unit to the Bain consortium, and had been expected to formalize the sale on Thursday. read the rest here
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Apple-Backed Billionaire Makes Case to Buy Toshiba Chip Unit

Art Post ·
Terry Gou , the billionaire behind Apple Inc. ’s iPhone factories, is pressing his case to acquire Toshiba Corp. ’s memory chips business for 2.1 trillion yen ($19.5 billion) in a last-ditch effort to beat out two American buyout firms in the tumultuous auction. Gou’s Foxconn Technology Group has broad support for its offer from Apple , SoftBank Group Corp. and Sharp Corp. and is ready to proceed right away, said Louis Woo, a spokesman for the company, whose primary listed arm is Hon Hai...
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As Toshiba's $18 billion chip unit sale faces tight deadline, IPO looms

Art Post ·
The conglomerate agreed last year to sell the world’s second-biggest producer of NAND flash memory chips to a consortium led by U.S. private equity firm Bain Capital to plug a huge financial hole left by the bankruptcy of its U.S. nuclear unit. The company has been aiming to complete the sale by March 31, the end of its business year. It said in September that it would need approval from antimonopoly authorities by March 23 to meet that deadline. Toshiba no longer faces immediate insolvency...
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Re: Toshiba inks deal to sell chip unit to Bain-Apple group for $18 billion

Art Post ·
And the soap opera continues with Western Digital seeking an injunction to stop the sale
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China officials reportedly concerned with Hynix role in Toshiba memory chip deal

Art Post ·
BEIJING – Antitrust officials in China’s Ministry of Commerce are concerned about the role SK Hynix Inc. will play in the sale of Toshiba Corp.’s memory chip business as the country commences a review of the deal, according to sources. The officials are looking at the fact that Hynix could take a sizable stake in the business if the sale goes ahead, the sources, who asked to remain anonymous as they weren’t authorized to speak on the matter, said. From Toshiba’s side, they may need to...
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China regulators open antitrust probe of Toshiba deal -newspaper

Art Post ·
Dec 14 (Reuters) - Chinese regulators have opened an antitrust investigation into Toshiba Corp’s $18 billion deal to sell its memory chip unit to a consortium led by Bain Capital LP that includes memory maker SK Hynix, possibly delaying the March closing date Toshiba’s leaders have targeted, the Nikkei Asian Review newspaper reported on Friday. Chinese regulators started their review earlier this month, despite the fact that Toshiba had applied for it in September, when it reached a deal...
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Toshiba inks deal to sell chip unit to Bain-Apple group for $18 billion

Art Post ·
Toshiba agreed Thursday to sell its chip division for 2 trillion yen ($17.7 billion) to a Bain Capital-led consortium that involves large U.S. technology firms including Apple and Dell. Earlier this year, Toshiba shareholders gave the go-ahead for the sale of the memory business; Toshiba is the world's second largest producer of NAND flash memory — behind Samsung . And last week, the board agreed to sell the unit to the Bain consortium. The group consists of Japan's Hoya Corporation , South...
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Toshiba said to be nearing resolution in Western Digital dispute

Art Post ·
SAN FRANCISCO – Toshiba Corp. and Western Digital Corp. are close to settling their legal dispute under an agreement that the U.S. company will drop efforts to block Toshiba’s $18 billion sale of its flash-memory business in exchange for the extension of their joint venture agreements, according to people familiar with the matter. Western Digital plans to end arbitration claims in the U.S. to stop Toshiba from selling the chip business to a consortium led by Bain Capital as part of the...
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Toshiba searches for a new 'spine'

Art Post ·
TOKYO -- Toshiba faces something of an identity crisis. Semiconductors have been the conglomerate's cash cow, but it is selling its flash memory unit to shore up its tattered finances. Somehow, the company needs to find a new calling and a new growth strategy. Its best hope may be technology that has been helping the very business it is selling. Toshiba on Sept. 28 signed a formal agreement to unload the memory unit to an American-South Korean-Japanese consortium led by U.S. investment fund...
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Toshiba completes $18 billion sale of chip unit to Bain consortium

Art Post ·
The completion of the deal, initially aimed for by end-March, had been delayed due to a prolonged review by Chinese antitrust authorities. China approved the deal last month. The Bain consortium last year won a long and highly contentious battle for Toshiba Memory, the world’s No. 2 producer of NAND chips. Toshiba put the business up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit had plunged it into crisis. read the rest here
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Re: China regulators open antitrust probe of Toshiba deal -newspaper

Art Post ·
Toshiba Corp . may have settled its differences with joint venture partner Western Digital Corp . , but the company’s nearly $18 billion sale of Toshiba Memory Corp. is not out of the woods yet, with the Nikkei Asian Review newspaper reporting on Friday that Chinese regulators are investigating the deal for potential antitrust concerns. According to the report, the investigation began earlier this month and could push back Toshiba’s hopeful closing date of March. The Toshiba deal sees TMC...
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Re: Toshiba searches for a new 'spine'

Art Post ·
Interesting about IOT and the manufacturing process, gonna have to re read this one.
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Re: Toshiba searches for a new 'spine'

SalesServiceGuy ·
Toshiba announced this week, breakthrough electric vehicle battery technology that will enable a compact car to travel 320 km (190 miles) on a six minute recharge. Available in 2019. Toshiba SCiB batteries are currently in Honda Fit EV and Mitsubishi MiEV cars. I was in a Ford car dealership this week and told them this. Their response was "this is what we have been waiting for!" http://newatlas.com/toshiba-sc...-a6404ae594-89974986
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Re: Toshiba searches for a new 'spine'

SalesServiceGuy ·
Toshiba sold 49.8% of its flash memory business to Bain Capital which includes Apple and Dell as partners. Toshiba still controls 50.2% of the shares and future revenues. The lead to this article omitted this key fact.
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Toshiba Memory sale delayed by Chinese antitrust probe

Art Post ·
As Toshiba has raised enough funds to keep its net worth above zero, some activist investors want it to call off the sale of its money-making memory unit. TOKYO -- The sale of Toshiba 's memory chip arm is stuck in a long-running review from Chinese antitrust authorities, making it unlikely that the deal will close before the end of March as originally planned. Although meeting the deadline is no longer vital to the parent's survival, the delay could fuel opposition among shareholders...
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Toshiba: the troubles chipping away at its core

Art Post ·
Leo Lewis and Kana Inagaki in Tokyo yesterday Earlier this month, after nearly three straight years of nasty surprises, one of Japan’s top analysts on Toshiba asked the company to explain a basic issue about the planned sale of its key asset, but received a blunt response. “We do not proactively disclose that information,” he was told. The company, a 143-year-old conglomerate at the heart of Japan’s supposedly reforming industrial economy, had apparently learnt nothing from a crisis that was...
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Konica Minolta installs first C1085 at Bell and Bain

Art Post ·
Konica Minolta installs first C1085 at Bell and Bain FULL STORY Konica Minolta installed the brand new C1085, which is part of the new C1100 series, at Bell and Bain, a printing and binding specialist based in Glasgow. Bell & Bain, which was founded in 1831, is one of the oldest established printing companies still in existence in Scotland specialising in the printing and binding of business, educational, financial, medical, scientific and religious books and learned journals. Designed...
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Re: This History of the Fax Machine According to Art

jredmon ·
Did that as well or sometimes would take several sheets of paper that I had done a sky shot with a copier and then looped them together...lol
Blog Post

This History of the Fax Machine According to Art

Art Post ·
Go ahead, you can do it, no one will see you. It's ok to hug your fax, if you still have one.   Funny, just today, I was at an office and they told me about one of their principals that was still using a computer with a 3.5 floppy drive. He...
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