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WSJ: ‘SK Hynix May Acquire Toshiba’s Stake Later’
Strategic Approach
WSJ: ‘SK Hynix May Acquire Toshiba’s Stake Later’
  • By Cho Jin-young
  • July 4, 2017, 03:15
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SK Hynix has an option to be able to obtain equities of Toshiba’s semiconductor unit later.
SK Hynix has an option to be able to obtain equities of Toshiba’s semiconductor unit later.

 

It has been found that in reference to Toshiba’s sale of its semiconductor business unit, SK Hynix has an option to be able to obtain equities later.

According to the Wall Street Journal (WSJ) on July 3, SK Hynix will be able to acquire all or part of Bain's stake in the future in accordance with its contract with US private equity fund Vain Capital.

SK Hynix received a proposal to receive funds in the form of convertible bonds to enable SK Hynix to acquire a stake in the future, another foreign news carrier also said.

SK Hynix is ​​known to plan to buy convertible bonds of a special purpose company to be founded by Bain. A source said the conditions were still under discussion.

The WSJ pointed out that a possibility that SK Hynix may partially own Toshiba’s semiconductor business unit can make the objection of US semiconductor company Western Digital stronger.