Komag Acquired By Western Digital For $1B
San Jose-based Komag is being acquired by Lake Forest, California-based disk drive maker Western Digital, in a $1 billion deal, the firms said Thursday. Western Digital and Komag said Thursday afternoon that WD will pay $32.25 in cash per share for Komag, a supplier of thin-film disk drive media used by disk drive manufacturers. Western Digital is a manufacturer of comptuer hard disk drives. Komag's media is an integral part of the disk drives manufactured by Western Digital and other hard drive makers.
posted on Thursday, June 28, 2007
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