Thursday, May 17th 2018

Bain Capital's $18 Billion Acquisition of Toshiba's Chip Unit Goes Through

Toshiba Corporation announced today via a press release that China regulators have approved the sale of Toshiba Memory Corporation (TMC) to Bain Capital. The $18 billion deal was struck last year, but it was put on hold for several months as Chinese antitrust regulators were contemplating its approval.

Things were looking grim for Toshiba and Bain Capital as they were caught in the middle of the current US-China trade war. Nevertheless, China has given them the green light to proceed with the deal. Now that the necessary anti-trust approvals are in place, Toshiba and Bain Capital expect the sale it to be completed by June 1. Bain Capital said in a statement, "We are making this important investment because we see the opportunity to further grow Toshiba Memory Corporation. This transaction will help ensure a competitive global semiconductor market and protect the supply chain from potential disruption."
Sources: Toshiba, Bain Capital
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11 Comments on Bain Capital's $18 Billion Acquisition of Toshiba's Chip Unit Goes Through

#1
ssdpro
Big victory for Toshiba, Japan, and probably consumers. Had that semiconductor unit been absorbed big competition would have been eliminated. Toshiba won't see the margins they once did as Bain transforms from money tree to sponge. But Toshiba and Hoya combining for 50.1 percent keeps control and protects Japan security interests.
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#2
Solidstate89
Bain Capital is the kiss of death. Wonder how long it'll take for the company to go under or be sold off.
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#3
coonbro
wait and see .

''Appraisals and critiques''
https://en.wikipedia.org/wiki/Bain_Capital

you see the companies they hold could be like burger king and maintain profit for them or like toys r us / Sports Authority in bankruptcy . they could just profit take and leave it high and dry . some companies are worth more liquidated .

Bankruptcy/Ceasing of Operations
https://en.wikipedia.org/wiki/Sports_Authority

Administration and closure
https://en.wikipedia.org/wiki/Toys_%22R%22_Us

see they can just profit take and sell it off bit by bit . there stock holders are all they have to satisfy not the ones from the companies they acquire
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#4
the54thvoid
Venture capitalists are the world's worst. No interest in the consumer, only propagation of wealth for themselves. Wealth begets wealth, at the expense of the worker.
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#5
coonbro
I get to wonder if Mitt got with trump to ease the deal on that zte that made China regulators happy enough to go and help approve this sale to Mitt's old firm . you know he is still a insider and still collects his share of $ off it . even if its a one time lobby pay off for his political pull [opinion ]
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#6
Flyordie
"coonbro said:
I get to wonder if Mitt got with trump to ease the deal on that zte that made China regulators happy enough to go and help approve this sale to Mitt's old firm . you know he is still a insider and still collects his share of $ off it . even if its a one time lobby pay off for his political pull [opinion ]
I know all about Mitt. He's an a*****e.

He is the reason Armstrong Tools/Craftsman/Kingsley Tools all went overseas. He, under is Brookside Investment Firm (which is wholly owned by Bain Capital but he has full controlling stake over) bought a bunch of tool plants in Taiwan. A few months after that deal went through, he had Bain Capital buy out Apex Tool Group and he began closing all the US factories and shipping all the tooling from the US Factories to Taiwan. He paced it out as to meet with existing obligations for US Govt contracts. Now that all are fulfilled, he is plowing everything into Gearwrench and overseas production. Hence why Gearwrench has so many MATCO/Armstrong style designs.

Mitt is a snake. He cares of nothing else but money. Greed.
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#7
coonbro
"Flyordie said:
I know all about Mitt. He's an a*****e.

He is the reason Armstrong Tools/Craftsman/Kingsley Tools all went overseas. He, under is Brookside Investment Firm (which is wholly owned by Bain Capital but he has full controlling stake over) bought a bunch of tool plants in Taiwan. A few months after that deal went through, he had Bain Capital buy out Apex Tool Group and he began closing all the US factories and shipping all the tooling from the US Factories to Taiwan. He paced it out as to meet with existing obligations for US Govt contracts. Now that all are fulfilled, he is plowing everything into Gearwrench and overseas production. Hence why Gearwrench has so many MATCO/Armstrong style designs.

Mitt is a snake. He cares of nothing else but money. Greed.
well you do get the cheaper better product . like levi's pants they left the USA and put all union workers out of a job ,but if you go buy there now made in china / Mexico/ Indonesia / Africa ..ect... pants your still paying full made in the usa union made prices for them . its not like there 501's dropped to 19 bucks is it ?

lol.......
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#8
Flyordie
"coonbro said:
well you do get the cheaper better product . like levi's pants they left the USA and put all union workers out of a job ,but if you go buy there now made in china / Mexico/ Indonesia / Africa ..ect... pants your still paying full made in the usa union made prices for them . its not like there 501's dropped to 19 bucks is it ?

lol.......
I found a USA made jean company. Ely Jeans. USA made 100% still. I pay a bit more if it means USA made. Simple as that.
Posted on Reply
#9
coonbro
I have a friend that works for wrangler and all there stuff comes in form overseas in bulk . all they do is sort to size them from a bulk bag of like 100 pair and wash and cull them sew MADE in USA tags in them fold re pack and reship to stores .

I asked her on that and she said all they got to do is like 5% of the work /production process to claim made in USA. so from that you got to think is it really or what % is all that was handled here in the us to get the tag saying so ?

"Flyordie said:
I found a USA made jean company. Ely Jeans. USA made 100% still. I pay a bit more if it means USA made. Simple as that.
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#10
Flyordie
"coonbro said:
I have a friend that works for wrangler and all there stuff comes in form overseas in bulk . all they do is sort to size them from a bulk bag of like 100 pair and wash and cull them sew MADE in USA tags in them fold re pack and reship to stores .

I asked her on that and she said all they got to do is like 5% of the work /production process to claim made in USA. so from that you got to think is it really or what % is all that was handled here in the us to get the tag saying so ?
Ely Walker sources their denim and thread from US factories. There is only 1 Denim plant left in the USA though. All the others have been forced out by Rand-O-Nomics. (Reaganomics). Think Sears/K-Mart style management only at the worldwide level.

Not many buy their Jeans though as they are $30-40/pair.

http://www.elyandwalker.com/5pocket_jean.htm


-We use 100% U.S.A. fabric, materials & trims !
-All U.S.A. Labor !! “Grown & Sewn” in the USA !!
-ELY ‘Cattleman’ and “Made in U.S.A.” labels

I proudly own 4 pairs. Love them. Although they ride small. So if you are a 33, get a 34.
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#11
Fourstaff
I think part of the reason why US is so successful is because of these so called Vulture Capitalists are very good at destroying inefficient companies and recycling the capital elsewhere. Very few other countries are this efficient in using and reusing capital.
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