A package of $11.8 billion in financing from Japanese banks would enable Toshiba Memory to buy out the preferred shares from Apple, Dell and two other U.S. companies
TOKYO—Apple Inc., Dell Technologies Inc. and two other U.S. technology companies are set to give up their preferred shares in Japanese chip maker Toshiba Memory Holdings Corp. for more than $4 billion under a refinancing plan, according to people familiar with the plan.
The U.S. companies, which are customers for Toshiba Memory’s semiconductors, helped a Bain Capital-led consortium take over the chip maker from former parent Toshiba Corp. in June, preventing Western Digital Corp. from taking control of its memory joint venture...
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