|05 Jun 2012||#1|
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Hitachi Completes Transfer of Hard Disk Drive Business to WD
Hitachi Completes Transfer of Hard Disk Drive Business to Western Digital
Tokyo, March 9, 2012 -Western Digital Corp. (NYSE: WDC) and Hitachi, Ltd. (NYSE: HIT / TSE:6501) today announced that having obtained all required regulatory approvals for WD's acquisition of Viviti Technologies Ltd. (holding company of Hitachi Global Storage Technologies), they expect the acquisition to close on March 8, 2012. WD and Hitachi will provide more information upon closing of the transaction.
Hitachi, Ltd. (NYSE:HIT / TSE:6501, “Hitachi”) announced that it has completed its transfer of Hitachi’s Hard Disk Drive (HDD) business to Western Digital Corporation (NYSE: WDC, “WD”), effective March 8, 2012 (U.S.time).
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