Hong Kong Activist Argyle Street Management Says Toshiba NAND Chip Unit Worth $40 Billion

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Activist fund says Toshiba chip unit worth as much as $40 billion
A Hong Kong-based activist investment fund said Toshiba Corp’s chip unit was worth as much as $40 billion, double the sale price agreed with a Bain-led consortium, as it escalated its opposition to the deal.
Argyle Street Management is seeking to persuade Toshiba to either negotiate a higher price or list the unit, highlighting concerns that the Japanese conglomerate agreed to sell it too cheaply while in the throes of a financial crisis last year.

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2017.09.29 | Press Release