應該新聞稿也出來了
大意上講東芝跟sandisk(即WD) 在法院做出裁定前
達成了一項最終協議 下面是相關協議內容
無聊自己看吧
基本上就是
東芝24小時內公布最終協議
交易確定兩周前要先知會WD
前面兩項協議內容在國際商會仲裁小組成立後60天內持續有效
上述協議內容並不等於一定要把TMC賣給WD
雙方仍遵守7/14法院的協議 而非訴請裁定
東芝仍然會繼續進行TMC的交易案
沒翻好的話 請指正 謝謝
https://goo.gl/qVefSJ
Toshiba Comments on Benefits of Joint Stipulation with SanDisk
Toshiba and SanDisk/Western Digital have reached a mutually acceptable
agreement that removes the need for further action by the court on SanDisk’s
request for a preliminary injunction.
The parties have agreed that Toshiba will publicly announce, within 24 hours,
the signing of any agreement that contemplates a “Closing.” This will apply
until 60 days after an arbitration panel is formed.
Toshiba has also agreed to notify SanDisk two weeks before such a Closing
occurs. This also applies until 60 days after an arbitration panel is formed.
The agreement does not require Toshiba to recognize SanDisk’s claims over
its consent rights to the transfer of Toshiba’s memory business.
This joint stipulation follows the court’s suggestion, during the previous
hearing on July 14, that Toshiba and SanDisk negotiate an agreement rather
than requiring the court to rule.
Toshiba remains intent on soon entering into a definitive agreement for the
sale of its memory business with one of the bidders.
July 28, 2017 06:06 PM Eastern Daylight Time
SAN FRANCISCO & TOKYO--(BUSINESS WIRE)--Toshiba Corporation (TOKYO:6502)
today entered into a joint stipulation with SanDisk LLC (SanDisk), a
subsidiary of Western Digital Corporation (Western Digital) (NASDAQ:WDC),
removing the need for further action by the Superior Court of California for
the County of San Francisco on SanDisk’s motion for preliminary injunctive
relief relating to the sale of Toshiba’s memory business.
Toshiba and SanDisk have agreed that Toshiba will publicly announce within 24
hours the signing of a definitive agreement that contemplates a later “
Closing,” i.e. the “transfer, sale, assignment or conveyance” of all or
any portion of Toshiba’s or an affiliate’s shares and ownership interests
in three specific joint venture companies and other defined contractual
rights and obligations. This stipulation will remain in effect until 60 days
after the international arbitration panel has been formed. Toshiba and
SanDisk have also agreed that Toshiba will provide further notice two weeks
before any such Closing occurs.
Importantly, this agreement does not obligate Toshiba to provide notice
regarding transactions undertaken in the ordinary course of its NAND flash
memory business, nor does it constitute any agreement by Toshiba that SanDisk
has any consent rights over any sale of the shares of Toshiba Memory
Corporation.
The agreement also preserves Toshiba’s jurisdictional objections and does
not mean that Toshiba is submitting to the jurisdiction of the California
court for any purpose other than entering and enforcing this limited joint
stipulation.
Dr. Yasuo Naruke, Senior Executive Vice President of Toshiba Corporation
stated, “We are very pleased to have reached this mutually acceptable
understanding which is effective for a very limited time and which recognizes
Toshiba’s right to negotiate and sign a definitive agreement for the sale of
its memory business. Nothing in the agreement requires Toshiba to alter its
position that there is no contractual requirement to seek SanDisk’s consent
to the transfer of Toshiba’s memory business.
“Further, as a practical matter, we don’t expect to close a deal during the
period addressed in the order. Closing a transaction of this magnitude would
require many months – well beyond the limited timeframe specified in the
ruling. Toshiba therefore remains focused on preparing for the ICC (Chamber
of Commerce) arbitration process, which we believe is the appropriate venue
to address these issues. We look forward to successfully presenting Toshiba’
s position to the tribunal, which we believe will be formed within the next
month or so.”
Contacts
Toshiba Corporation
Kaori Hiraki, +81-3-3457-2100
Public Relations & Investor Relations Div.
Media Relations Group
[email protected]
or
Sitrick And Company
Mark Veverka, 415-999-9634
[email protected]
--
大意上講東芝跟sandisk(即WD) 在法院做出裁定前
達成了一項最終協議 下面是相關協議內容
無聊自己看吧
基本上就是
東芝24小時內公布最終協議
交易確定兩周前要先知會WD
前面兩項協議內容在國際商會仲裁小組成立後60天內持續有效
上述協議內容並不等於一定要把TMC賣給WD
雙方仍遵守7/14法院的協議 而非訴請裁定
東芝仍然會繼續進行TMC的交易案
沒翻好的話 請指正 謝謝
https://goo.gl/qVefSJ
Toshiba Comments on Benefits of Joint Stipulation with SanDisk
Toshiba and SanDisk/Western Digital have reached a mutually acceptable
agreement that removes the need for further action by the court on SanDisk’s
request for a preliminary injunction.
The parties have agreed that Toshiba will publicly announce, within 24 hours,
the signing of any agreement that contemplates a “Closing.” This will apply
until 60 days after an arbitration panel is formed.
Toshiba has also agreed to notify SanDisk two weeks before such a Closing
occurs. This also applies until 60 days after an arbitration panel is formed.
The agreement does not require Toshiba to recognize SanDisk’s claims over
its consent rights to the transfer of Toshiba’s memory business.
This joint stipulation follows the court’s suggestion, during the previous
hearing on July 14, that Toshiba and SanDisk negotiate an agreement rather
than requiring the court to rule.
Toshiba remains intent on soon entering into a definitive agreement for the
sale of its memory business with one of the bidders.
July 28, 2017 06:06 PM Eastern Daylight Time
SAN FRANCISCO & TOKYO--(BUSINESS WIRE)--Toshiba Corporation (TOKYO:6502)
today entered into a joint stipulation with SanDisk LLC (SanDisk), a
subsidiary of Western Digital Corporation (Western Digital) (NASDAQ:WDC),
removing the need for further action by the Superior Court of California for
the County of San Francisco on SanDisk’s motion for preliminary injunctive
relief relating to the sale of Toshiba’s memory business.
Toshiba and SanDisk have agreed that Toshiba will publicly announce within 24
hours the signing of a definitive agreement that contemplates a later “
Closing,” i.e. the “transfer, sale, assignment or conveyance” of all or
any portion of Toshiba’s or an affiliate’s shares and ownership interests
in three specific joint venture companies and other defined contractual
rights and obligations. This stipulation will remain in effect until 60 days
after the international arbitration panel has been formed. Toshiba and
SanDisk have also agreed that Toshiba will provide further notice two weeks
before any such Closing occurs.
Importantly, this agreement does not obligate Toshiba to provide notice
regarding transactions undertaken in the ordinary course of its NAND flash
memory business, nor does it constitute any agreement by Toshiba that SanDisk
has any consent rights over any sale of the shares of Toshiba Memory
Corporation.
The agreement also preserves Toshiba’s jurisdictional objections and does
not mean that Toshiba is submitting to the jurisdiction of the California
court for any purpose other than entering and enforcing this limited joint
stipulation.
Dr. Yasuo Naruke, Senior Executive Vice President of Toshiba Corporation
stated, “We are very pleased to have reached this mutually acceptable
understanding which is effective for a very limited time and which recognizes
Toshiba’s right to negotiate and sign a definitive agreement for the sale of
its memory business. Nothing in the agreement requires Toshiba to alter its
position that there is no contractual requirement to seek SanDisk’s consent
to the transfer of Toshiba’s memory business.
“Further, as a practical matter, we don’t expect to close a deal during the
period addressed in the order. Closing a transaction of this magnitude would
require many months – well beyond the limited timeframe specified in the
ruling. Toshiba therefore remains focused on preparing for the ICC (Chamber
of Commerce) arbitration process, which we believe is the appropriate venue
to address these issues. We look forward to successfully presenting Toshiba’
s position to the tribunal, which we believe will be formed within the next
month or so.”
Contacts
Toshiba Corporation
Kaori Hiraki, +81-3-3457-2100
Public Relations & Investor Relations Div.
Media Relations Group
[email protected]
or
Sitrick And Company
Mark Veverka, 415-999-9634
[email protected]
--
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