Bain Capital, the private equity firm leading the consortium planning to buy Toshiba Corp.'s (TOSBF) memory chip unit, said Thursday that it will attempt to reach a settlement agreement with Western Digital (WDC) - Get Report , a joint venture partner of Toshiba that is against the sale, ABC News reports.
Shares of Western Digital were down almost 2% to $82.75 in early trading Monday.
The managing director of Bain Capital Yuji Sugimoto said the $18 billion deal to which Toshiba agreed to last month, will go ahead as planned despite resistance from Western Digital who has threatened litigation.
Sugimoto added that Western Digital remains a valued partner and will seek a resolution that mutually benefits both sides.
"Even partners may develop differences," Sugimoto said.
The buying consortium is led by Bain but also includes Apple Inc. (AAPL) - Get Report ,Hoya Corp. (HOCPY) , SK Hynix (HXSCL) , Kingston Technology Corp., Seagate Technology plc (STX) - Get Report and Dell Technologies Capital.
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