In May 15 it was reported that accelerated merge talks were happening. It has been 40 days an there is no further announcement. Is it what these id--ts call accelerated talks?
I know that a merge is not easy but at least the announcement should be made, whether it clears US or Japanese regulations, that is separate.
Not to mention this is the 3rd time these type of rumors are in the news. Just to pump dying stock.
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reap what you sow
with secular AI tailwinds, a privately-held Kioxia may take a run at another IPO
The directors are making $180k to $260k base, 15% to 25% bonus, 15k to 50k RSU per year...
Both companies are having Hughe loses. I expect if they join the combination will be same.
TOKYO, June 8 (Reuters) - Toshiba Corp (6502.T) said on Thursday its board has decided to recommend shareholders take up a tender offer from a group led by Japan Industrial Partners, helping pave the way for a $14 billion buyout to take the Japanese conglomerate private.
It also said the book value of its 40.6% stake in Kioxia Holdings, which comprises a large portion of Toshiba's value, has fallen by about 49.5 billion yen since the March announcement as the memory chip maker suffered massive loss.
Toshiba believes the buyout would help build "a stable management base to implement a consistent business strategy to reform and grow the company over the medium to long term," it said.
@2ilk+1niVVlgj 100k/year for Director? When i was there, i was making $200k/year as a technologist (not counting RSUs). I left, i could see the writing on the wall.
If they don’t remove the SanDisk Directors and VPs who are still here then they will also squeeze the new company dry. Investors or Kioxia leadership should really review why FPE is not delivering on commitments and if they did they will quickly see all the entitlement and the overlapping of leadership positions. There’s no way that all Directors are contributing at expected level. If they were we would have 10+ programs going not 10+ in a single program. C’mon, doesn’t anyone see a problem with this? Does anyone know what these people make a year? We could save over $100k / yr. Who agrees?
Why bother if there is merge or not?
Two turkeys won't make an eagle.
Alone or together we will not beat Samsung or Micron
@1wfv+1niVVlgj
They are doing house cleaning now as part of the merger deal
Although I was RIF last time, I still hope WD the best, cause I need my stock gains. Work hard, fellows!
Merge will happen after the August layoff
If merge was meant to happen why not doing an announcement of intention? Not to mention that imminent merge has been un the news for 3 years now. Just BS
Those who said merger won't happen haven't been around. If they have, they know it will happen. Mark my words.
@aol..On the contrary it is WD that is milking Kioxia. If I am a Kioxia executive, I will terminate this joke of an alliance asap. Let alone a merger.
Clearly you don’t understand some basic financial facts. Mark my words.
Why would Kioxia may want to merge with WD when they are milking us?
I don't think there will be a merge. Mark my words.
I think they will announce the intention to merge perhaps next week.