Western Digital group finalising $17 billion deal for Toshiba chip unit
Western Digital is likely to invest 150 billion yen in convertible bonds, about 16 percent of the voting rights when all bonds are converted to ordinary shares, and its stake will be limited to a third of voting rights. Western Digital's conciliatory offer comes amid what sources have described as wariness among Toshiba's chip business executives of a deal with the USA company.