TOKYO--(BUSINESS WIRE)--Toshiba Corporation’s Board of Directors (TOKYO:6502) (Toshiba), as announced on September 20, 2017, “Notice on the Sale of Toshiba Memory Corporation,” has approved the sale of all shares of Toshiba Memory Corporation (TMC), a wholly owned subsidiary of Toshiba, to K.K. Pangea (Pangea), a special purpose acquisition company formed and controlled by a Bain Capital Private Equity, LP (including its affiliates, Bain Capital)-led consortium (the Consortium). Today, Toshiba has entered into a Share Purchase Agreement (SPA) with Pangea.
