Western Digital's Further Investment in Toshiba's Chip Business Would Be Credit Negative
ISSUER COMMENT CORPORATES JANUARY 23, 2017 Western Digital’s Further Investment in Toshiba’s Chip Business Would Be Credit Negative From Credit Outlook Last Wednesday, media outlets reported that Toshiba Corporation (Caa1 review for downgrade) is considering a spinoff of its semiconductor business and the sale of about 20% of the unit to Western Digital Corporation (Ba1 stable) for up to $2.7 bill
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