Toshiba filed for bankruptcy earlier this year after booking massive losses related to its US nuclear operations at Westinghouse Electric. If it fails to do that, it could be delisted. Western Digital expects a decision on the injunction between December and January, well before Toshiba's March 2018 target for completing the sale.
The consortium was selected to buy Toshiba's computer chip unit for 2 trillion yen ($18 billion) last week, but the deal's future remains unclear because Toshiba's US joint venture partner Western Digital opposes it.
At some points during the nine-month auction process, the consortium backed by Western Digital and which also includes KKR & Co had looked liked it was the front-runner to win.
The money Toshiba will get from selling its flash chip business will, hopefully, prevent that.
Toshiba will not be able to sell off its memory business until the International Arbitration Court comes to a conclusion about the arbitration lawsuit filed by WD in May of this year if and when the court rules in favor of WD's injunction against the sell-off. Toshiba had said it would invest unilaterally in equipment for a new NAND fab at its Yokkaichi operations site, shutting out Western Digital's SanDisk subsidiary, Toshiba's partner in NAND flash development and manufacturing for the past 17 years.
WD, a joint venture that runs a Toshiba semiconductor plant located in the city of Yokkaichi, Mie Prefecture of Japan with Toshiba, wanted to take over Toshiba Memory but failed and applied for an injunction against the sell-off of the semiconductor business to the global court in May. Toshiba has resorted to retaliatory actions against its JV partner to try to coerce SanDisk to surrender its consent rights, including its lockout of Western Digital employees in June and its attempt to exclude SanDisk from certain capacity investments - neither of which has any legal basis.
The progressive Prince Mohamed Bin Salman, son of King Salman from his third wife, was made heir-apparent in June. Women in Saudi Arabia are still limited by the country's extremely restrictive male guardianship laws.
The protest will reportedly include some professors taking a knee outside the auditorium where he will speak. The protesters were dressed in black. "We celebrate the diversity of opinion", Sessions said.
Millions of cards were also put up for sale in "underground cybercrime stores", according to KrebsOnSecurity . Sonic administrators said they don't know how many or which Sonic locations may be affected.
Rajoy said he told Trump that Spain would increase its commitment by contributing a new financial package to help rebuild Iraq. The leaders are meeting at the White House on Tuesday, days before a critical secession vote Sunday in Spain.
Paramount announced that the James Cameron-produced and Tim Miller-directed Terminator will hit screens on July 26, 2019. However, Cameron is pretty candid in admitting that he intends to ignore every single Terminator movie after T2.
Back in August, the president was asked if he still had confidence in Steve Bannon, then a senior strategist in the White House. The exceptions are when they are traveling with the president or vice president, who fly aboard government planes.
The nine-page tax reform proposal is longer than the bullet points we got in April - but many important details are still missing. Leonard Lance (R-NJ) told Bloomberg he has the "gravest reservations" on voting for a bill that includes a repeal of the SALT.
The story goes that Gotti wanted to sign Dolph some time back when the Paper Route Empire MC started getting hot in their city. Detectives wanted to talk with rapper , Yo Gotti , who police said was possibly staying at the hotel along with Dolph .
Majority Leader Mitch McConnell pulled the plug on the latest version of a bill created to dismantle the controversial health law. Graham, however, said he's optimistic that Republicans will eventually repeal Obamacare . "We're going to get there", he said.
USOC says there's interest in hosting Winter Olympics
The U.S., Canada, Sweden and Finland will also face each other November 5-12 in Tampa, Florida, in the Four Nations Cup. Other winter sports powerhouses said they were monitoring developments but had no plans to miss the event.