14 DAY TRIAL // Obviously, when OCZ's stock holders learned that the company had gone bankrupt, they weren't happy. Fortunately, Toshiba is offering them a chance to cut their losses.
In essence, Toshiba has acquired OCZ. Or at least agreed on preliminary conditions for the acquisition of what's left of the company.
Toshiba is getting both the client and the enterprise solid-state drive business, and will provide the Company with DIP (Debtor-in-Possession) financing.
That means it's going to funnel money into it, for support capital, and will help sustain the NAND Flash supply as well.
The sale will close in about 60 days, and the final sum of money seems to be of $35 million / €26 million, although it will be contingent on an auction, and the approval by the bankruptcy court in the company's bankruptcy case.