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The Wall Street Journal: Western Digital may be close to settlement with activist investor Elliott Management

Elliott in May revealed a 6% stake in Western Digital and sent a letter calling on the company to explore a separation into businesses focused on traditional hard drives for computers and flash memory, respectively. Read More...

Western Digital Corp. is close to a settlement with activist investor Elliott Management Corp. that calls for the $19 billion company to consider more seriously splitting into two, according to people familiar with the matter.

Elliott in May revealed a 6% stake in Western Digital WDC, +1.00% and sent a letter calling on the company to explore a separation into businesses focused on traditional hard drives for computers and flash memory, respectively.

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