March 28, 2012
President ∓ CEO
Contact: Naoto Hasegawa, General Manager
Corporate Communication Office
Tel: 81 3 3457 2096
Notice of Change to Target Date for Acquisition and Transfer
Tokyo, March 28, 2012 - Toshiba Corporation ("Toshiba") today announced that the target date for Toshiba's acquisition of Western Digital (NYSE: WDC - news) 's certain HDD manufacturing equipment and related intellectual property, and the transfer of the shares of Toshiba Storage Device (Thailand) Co., Ltd., to Western Digital has been extended.
Toshiba announced on February 29, 2012 that it was targeting to complete the acquisition and transfer by the end of March, 2012.
As part of the acquisition and transfer process, Toshiba has filed applications for regulatory clearance in a number of countries in accordance with local competition laws. However, the regulatory review has not been completed, and accordingly, Toshiba decided to extend the target date.
Toshiba will announce the completion of the transaction in due course as soon as the regulatory clearances are obtained and the transaction is completed.