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. reached a settlement with activist investor Elliott Management Corp. that calls for the $19 billion company to consider splitting into two.
The company said in a statement that it would consider strategic alternatives including a separation into businesses focused on traditional hard drives for computers and flash memory, respectively, confirming an earlier report by The Wall Street Journal.
Add Comment