Toshiba Shareholders Agree to Sell NAND Flash Memory Unit
$18 billion expected
By Jean Jacques Maleval | March 30, 2017 at 2:37 pmTo read this article from Reuters, click on:
Toshiba gets go-ahead for chip unit sale at angry shareholder meeting
Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate’s future. Expects $18 billion valuation for unit.