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SanDisk Corp said on Tuesday that it had agreed with Toshiba to amend the terms of their joint ventures in a restructuring transaction valued at about $890 million.
SanDisk said that each venture had agreed to sell to Toshiba more than 20% of current production capacity and that it retained an option to invest on a 50-50 basis for all future expansions of NAND memory product at two plants. (Reuters)