Western Digital announced that it has completed its acquisition of Viviti Technologies (formerly Hitachi Global Storage Technologies), effective Mar. 8, 2012, for $3.9 billion in cash and 25 million shares of WDC common stock valued at approximately $0.9 billion(1). Hitachi, now owns approximately 10 percent of WDC shares outstanding, and it has the right to designate two individuals to the board of directors of WD. Read more
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Mar 12, 2012
WD Completes Acquisition of Hitachi Global Storage Technologies
Western Digital announced that it has completed its acquisition of Viviti Technologies (formerly Hitachi Global Storage Technologies), effective Mar. 8, 2012, for $3.9 billion in cash and 25 million shares of WDC common stock valued at approximately $0.9 billion(1). Hitachi, now owns approximately 10 percent of WDC shares outstanding, and it has the right to designate two individuals to the board of directors of WD. Read more
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