Western Digital to raise Toshiba chip offer to $18 billion or more

[Gerald]

Western Digital Corp (WDC.O) plans to raise its offer for Toshiba Corp's (6502.T) prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital.

The U.S. chipmaker's new offer, to be presented by Thursday when the struggling Japanese conglomerate is to decide a preferred bidder for its Toshiba Memory Co unit, will be in the form of a debt purchase, to avoid antitrust concerns over the proposed purchase of the world's second-largest producer of NAND memory chips, the person told Reuters on Saturday.

http://www.reuters.com/article/us-to...-idUSKBN1910CA


Good deal.

Note: Sat Jun 10, 2017 | 5:28am EDT