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Western Digital expects ruling on injunction request by mid-July - source

Reuters  |  TOKYO 

TOKYO (Reuters) - Corp expects a ruling on its request for a injunction to stop the sale of Corp's chip unit by mid-July, a source familiar with the situation said on Thursday.

The California-based firm presented a revised offer for the chip unit that met Toshiba's requests on Wednesday but did not receive a positive response, a separate source said.

is concerned about how Toshiba, the Japanese government and other stakeholders are handling the auction's decision-making process, the second source added.

The sources declined to be identified due to the sensitivity of the negotiations.

declined to comment.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Western Digital expects ruling on injunction request by mid-July - source

TOKYO (Reuters) - Western Digital Corp expects a ruling on its request for a court injunction to stop the sale of Toshiba Corp's chip unit by mid-July, a source familiar with the situation said on Thursday.

TOKYO (Reuters) - Corp expects a ruling on its request for a injunction to stop the sale of Corp's chip unit by mid-July, a source familiar with the situation said on Thursday.

The California-based firm presented a revised offer for the chip unit that met Toshiba's requests on Wednesday but did not receive a positive response, a separate source said.

is concerned about how Toshiba, the Japanese government and other stakeholders are handling the auction's decision-making process, the second source added.

The sources declined to be identified due to the sensitivity of the negotiations.

declined to comment.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
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Western Digital expects ruling on injunction request by mid-July - source

TOKYO (Reuters) - Corp expects a ruling on its request for a injunction to stop the sale of Corp's chip unit by mid-July, a source familiar with the situation said on Thursday.

The California-based firm presented a revised offer for the chip unit that met Toshiba's requests on Wednesday but did not receive a positive response, a separate source said.

is concerned about how Toshiba, the Japanese government and other stakeholders are handling the auction's decision-making process, the second source added.

The sources declined to be identified due to the sensitivity of the negotiations.

declined to comment.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22