Search

Hitachi Global Storage Technologies, the data storage arm of Hitachi Ltd., said today that it is being acquired by fellow disk drive maker Western Digital, in a deal worth $4.3 billion in cash and stock. Hitachi and WD said that WD will pay $3.5 billion in cash, plus 25 million shares of WD common stock worth $750M, for Hitachi Global Storage. WD was advised by Bank of America Merrill Lynch and O'Melveny & Myers LLP; Hitachi was advised by Goldman Sachs & Co., Morrison Foerster LLP, and Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates. Hitachi has major operations in Silicon Valley.
posted on Monday, March 7, 2011

Related companies:
Hitachi

Related stories:
> Hitachi GST Completes Buy of WD Facility
> Hitachi Planning IPO of Hard Drive Unit
> Fabrik Acquired By Hitachi
> Hitachi GST's Fabrik Acquisition Closes
> Hitachi Global Storage Taps Yahoo For CFO

---

silicontap.com Home