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A Bain Capital-led consortium has signed a definitive agreement with Toshiba Corporation to purchase all shares of Toshiba Memory Corporation. Toshiba remains a significant investor, and Hoya will also invest as a common equity holder.
Toshiba's board approved a plan to sell its microchip business to a group of American and Japanese buyers led by Bain Capital for 2 trillion yen ($18 billion). The deal is tentative and details must still be finalized.
HOYA Vision Care has announced an agreement to acquire the safety prescription eyewear business from 3M. The announcement was made on December 7, 2016.