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Toshiba: WDC overstating its chip rights

Toshiba (OTCPK:TOSYY) feels Western Digital (NYSE:WDC) has been “persistently” overstating its rights regarding the chip unit that it’s trying to offload, showing the business partners remain at loggerheads over the $18B sale.

Without an agreement to sell the unit soon, it will be difficult for Toshiba to gain regulatory approval by the end of the financial year in March, jeopardizing the funds it needs to cover billions in liabilities at it U.S. nuclear unit.

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