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Completion of Overseas Antitrust Review Regarding HDD Business

11 Sep, 2009

Toshiba Corporation
Fujitsu Limited

 

Tokyo–Toshiba Corporation (TOKYO: 6502) and Fujitsu Limited (TOKYO: 6702) 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.

As previously announced, 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.

About Toshiba

Toshiba is a world leader and innovator in pioneering high technology, a diversified manufacturer and marketer of advanced electronic and electrical products spanning information & communications systems; digital consumer products; electronic devices and components; power systems, including nuclear energy; industrial and social infrastructure systems; and home appliances.
Toshiba was founded in 1875, and today operates a global network of more than 730 companies, with 199,000 employees worldwide and annual sales surpassing US$67 billion. Visit Toshiba's web site at www.toshiba.co.jp/index.htm

About Fujitsu

Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 175,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$47 billion) for the fiscal year ended March 31, 2009. For more information, please see: www.fujitsu.com.

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Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.

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