Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
New to Comunitee?

or Sign Up with Email


>> GOLDMAN SACHS Latest News

NOV 01, 2013 - TheStreet

A Must Read - Share

Why Western Digital (WDC) Dipped Lower Friday

NEW YORK (TheStreet) -- Western Digital  dipped lower on Friday on news Hitachi will sell approximately 44% of its stake in the digital storage maker. Hitachi received 25 million shares as part of compensation for Western Digital's purchase of its hard drive unit. Western Digital announced it will engage in a secondary public offering of the 10.87 million shares Hitachi is selling. The offering will raise around $728 million or $67 a share, an approximate 3% discount on current share prices. The Irvine, Calif.-based company has also proposed a 30-day option whereby underwriters ... Read More

Tags: Why Western Digital (WDC) Dipped Lower Friday,  Goldman Sachs Latest News