"Think of it like The Toys-R-Us of DRAM"
I would have loved to be in that board meeting
I would have loved to be in that board meeting
Bain will lose almost all its money in Toys ‘R’ Us. It has written its equity down to zero, didn’t really take any dividends along the way, and itself holds the most junior tranches of debt.
except you're completely wrong. DRAM business is booming and is/was the most profitable BU of Toshiba; Their reason to selling it is because of the debt and losses incurred as a result of their westinghouse acquisition.
the company has admitted to inflating its net profits by $1.3bn over seven years. then, former top management played a role in the padding of profits by an additional ¥40bn ($339m) over a three-year period.