Western Digital takes legal action to block sale of Toshiba's chip unit
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Susquehanna Remains Positive on Western Digital (WDC) Following Arbitration Announcement
May 15, 2017 9:16 AM EDTSusquehanna reiterated a Positive rating and $140.00 price target on Western Digital Corp. (NASDAQ: WDC) following the company's announcement that it has filed for Arbitration with the ICC. The arbitration is being used as a means to enforce consent rights with... More
Western Digital (WDC) Subsidiaries Request for Arbitration with the ICC International Court of Arbitration Related to NAND Flash-Memory JV's
May 15, 2017 5:52 AM EDTWestern Digital Corp. (NASDAQ: WDC) today announced that several of its SanDisk subsidiaries have filed a Request for Arbitration with the ICC International Court of Arbitration related to three NAND flash-memory joint ventures (the Flash JVs) operated with Toshiba Corporation (Toshiba).
The arbitration demand seeks among other things an order requiring Toshiba to unwind the transfer to Toshiba Memory, and injunctive relief preventing Toshiba from further breaching the Flash JV agreements by transferring its Flash JV interests, or any interest in an affiliate that holds its Flash JV interests, without SanDisks consent. Per the... More
