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Home>Notice on the Signing of a Share Purchase Agreement with a Bain Capital-Led Consortium for the Sale of Toshiba Memory Corporation

Notice on the Signing of a Share Purchase Agreement with a Bain Capital-Led Consortium for the Sale of Toshiba Memory Corporation

Notice on the Signing of a Share Purchase Agreement with a Bain Capital-Led Consortium for the Sale of Toshiba Memory Corporation

09/28/2017

Notice on the Signing of a Share Purchase Agreement with a Bain Capital-Led Consortium for the Sale of Toshiba Memory Corporation

Toshiba Corporation’s Board of Directors (TOKYO:6502) (Toshiba), as announced on September 20, 2017, “Notice on the Sale of Toshiba Memory Corporation,” has approved the sale of all shares of Toshiba Memory Corporation (TMC), a wholly owned subsidiary of Toshiba, to K.K. Pangea (Pangea), a special purpose acquisition company formed and controlled by a Bain Capital Private Equity, LP (including its affiliates, Bain Capital)-led consortium (the Consortium). Today, Toshiba has entered into a Share Purchase Agreement (SPA) with Pangea. An outline of the agreement follows.

 

1.

 

Names of Seller and Purchaser

 
Seller: Toshiba Corporation Purchaser: K.K. Pangea
 

2.

 

Target Shares

All shares of TMC
 

3.

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