June 2, 2017 / 6:12 PM / 3 months ago

BRIEF-Western Digital responds to Toshiba statement related to NAND flash-memory JVs

June 2 (Reuters) - Western Digital Corp:

* Western Digital responds to Toshiba statement related to NAND flash-memory joint ventures

* Western Digital to continue with arbitration process

* Issued response to Toshiba's statement that it will transfer back 3 NAND flash-memory JVs operated with co from Toshiba Memory Corp

* Says "Toshiba's new action does not resolve SanDisk's claims in pending arbitration"

* Does not believe that Toshiba has "cured its breach" of JV agreements

* Continues to believe any actions by Toshiba to transfer JV interests to third party without SanDisk's consent "violates "anti-transfer provisions of JV agreements

* ‍"Firmly believe that Western Digital is best positioned to assist Toshiba in addressing its challenges"​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below