Western Digital to Acquire Hitachi Unit for $4.3 Billion

Western Digital Corp. (WDC), the largest maker of computer hard-disk drives, on Monday said it is buying Hitachi Global Storage Technologies, the third largest, for $4.3 billion in cash and stock. Western Digital will pay $3.5 billion in cash and give Hitachi 25 million of its shares, according to a statement from the companies today. The stock is valued at $750 million based on the co.’s Friday closing PPS of $30.01.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.