Toshiba, Western Digital agree in principle to settle chip dispute: sources [Reuters]
Western Digital Corporation (WDC)
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Source: Reuters
Toshiba, Western Digital agree in principle to settle chip dispute: sources | Reuters Reuters Staff 2 Min Read TOKYO (Reuters) - Toshiba Corp ( 6502.T ) and business partner Western Digital Corp ( WDC.O ) have agreed in principle to settle a dispute over the embattled Japanese conglomerate’s plans to sell its $18 billion chip unit, sources with direct knowledge of the talks said. Toshiba’s board has approved a framework for a settlement and is aiming to reach a final agreement by next week, one of the sources said. The potential for Western Digital - Toshiba’s partner in its main semiconductor plant and jilted suitor in the long and contentious auction of the unit - to block a deal has been seen as the main obstacle to the planned sale to a consortium led by Bain Capital LP. The settlement under discussion calls for Western Digital to drop arbitration claims seeking to stop the sale in exchange for allowing it to invest in a new production line for advanced flash memory chips that
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News
- Western Digital Co. (NASDAQ: WDC) was upgraded by analysts at Benchmark Co. from a "hold" rating to a "buy" rating. They now have a $85.00 price target on the stock.MarketBeat
- Western Digital (WDC) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Western Digital Q3 Earnings: Revenue Beat, Higher ASP, Upbeat Q4 Guidance And More [Yahoo! Finance]Yahoo! Finance
- Western Digital (NASDAQ:WDC) Reports Strong Q1 But Inventory Levels Increase [Yahoo! Finance]Yahoo! Finance
- Western Digital tops profit expectations on demand from cloud-computing customers [Reuters]Reuters
WDC
Earnings
- 4/25/24 - Beat
WDC
Sec Filings
- 4/25/24 - Form 8-K
- 4/9/24 - Form 4
- 4/8/24 - Form 144
- WDC's page on the SEC website