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
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."
11 Comments on Bain Capital's $18 Billion Acquisition of Toshiba's Chip Unit Goes Through
''Appraisals and critiques''
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
en.wikipedia.org/wiki/Sports_Authority
Administration and closure
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
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.
lol.......
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 ?
Not many buy their Jeans though as they are $30-40/pair.
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.