Toshiba (24 Oct, 2017): Sale of Toshiba Memory Corporation Approved by Toshiba’s Shareholders

Toshiba (24 Oct, 2017): Sale of Toshiba Memory Corporation Approved by Toshiba’s Shareholders.

TOKYO–Toshiba Corporation (TOKYO: 6502) today held an extraordinary shareholders’ meeting where Toshiba’s shareholders approved the Share Purchase Agreement (SPA) previously entered into with K.K. Pangea (Pangea), a special purpose acquisition company formed by the consortium led by Bain Capital Private Equity, LP (including affiliates of Bain), for the sale of all shares of Toshiba’s wholly-owned subsidiary Toshiba Memory Corporation (TMC).

http://www.toshiba.co.jp/about/press/2017_10/pr2401.htm?fromRSS=IR2017102402