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Toshiba selling their chip unit to Bain Capital is exactly what they feared.
Toshiba says the deal will hold up against legal challenges from Western Digital.
The company now appears ready to plough billions into its memory and display suppliers to guarantee supplies and keep its costs down.
Western Digital stock could climb to $100 if it's able to buy Toshiba's flash business, Jim Cramer says. Another buyer has emerged, though, so the once assumed purchase for WDC may not come to fruition.
U.S. stock futures point to a weak start for Wall Street on Wednesday.