Toshiba Gets Antitrust Clearance to Buy Fujitsu HDD Unit

Friday, September 11, 2009

Toshiba Gets Antitrust Clearance to Buy Fujitsu HDD Unit

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Fujitsu and Toshiba announced today that they have completed all necessary procedures required by overseas antitrust authorities regarding Fujitsu's planned transfer of shares of Toshiba Storage Device Corporation ("TSDC") to Toshiba.

Fujitsu in February said it will sell its unprofitable disk-drive operations to Toshiba.

Both companies are currently proceeding with the arrangements necessary for Fujitsu to transfer 80.1 percent of the shares of TSDC to Toshiba, with the scheduled completion on October 1, 2009.