Toshiba Eyes OCZ’s Assets In Bankruptcy Proceedings

News: Japanese technology company Toshiba Corporation has made an offer to US computer hardware manufacturer OCZ Technology Group to purhcase the latter's assets in a planned bankruptcy sale. OCZ has 'substantially completed' negotiations with Toshiba on an asset purchase agreement. OCZ is likely to file for bankruptcy after final documentation completion with Toshiba and Hercules Technology Growth Capital. The company would also file even if it fails to reach an agreement with Toshiba.

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Geography: Japan

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