|Makes sense to me. Hope WDC can pull out a fourth quarter comeback.|
Nikkei: Toshiba execs meeting to settle Western Digital dispute
Dec. 5, 2017 1:09 PM ET|About: Western Digital Corporation (WDC)|By: Brandy Betz, SA News Editor
Toshiba execs will meet Wednesday to discuss settling with Western Digital (NYSE: WDC), according to Nikkei Asian Review.
The execs will discuss the “sticking points” that have prevented a resolution and the sale of Toshiba’s chip unit.
Western Digital reportedly wants assurance that South Korean-based SK Hynix, a member of the buying consortium, won’t have access to tech data from Toshiba Memory.
Western Digital is also worried about Bain, the consortium leader, and its desire to “retain the option” to sell Toshiba Memory to rivals like Samsung.
Western Digital shares are up 1.5%.