8-KRegulation FDExhibits & Filings

WESTERN DIGITAL CORP 8-K Report, Regulation FD Disclosure (Mar 7, 2012)

Filed March 7, 2012For Securities:WDC

Summary

Western Digital Corporation (WDC) filed an 8-K report on March 6, 2012, to disclose an important update regarding its acquisition of Hitachi Global Storage Technologies (HGST). The company, along with Hitachi, Ltd., announced that all necessary regulatory approvals for the acquisition of Viviti Technologies, Ltd. (the holding company of HGST) have been secured. Consequently, the parties now anticipate the transaction to officially close on March 8, 2012. This impending closure marks a significant milestone for WDC, positioning it for substantial changes in its market position and operational scale within the hard drive industry. Investors should note that this filing primarily serves as a regulatory disclosure and does not contain detailed financial statements or operational metrics. However, the announcement of the imminent closing of the HGST acquisition is a critical development. It signals the completion of a major strategic move that is expected to transform Western Digital into a significantly larger entity, potentially impacting market share, competition, and future product development strategies. The market will likely be closely watching for post-acquisition performance and integration updates.

Key Highlights

  • 1Western Digital Corporation (WDC) and Hitachi, Ltd. announced that all regulatory approvals for WDC's acquisition of Hitachi Global Storage Technologies (HGST) have been obtained.
  • 2The acquisition is expected to officially close on March 8, 2012.
  • 3The filing serves as a Regulation FD disclosure, informing the public about the impending closure.
  • 4The press release referenced in the filing was issued on March 6, 2012.
  • 5The target entity for the acquisition is Viviti Technologies, Ltd., the subsidiary of Hitachi that holds HGST.
  • 6This announcement is a crucial step towards the completion of a significant strategic transaction for Western Digital.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce that Western Digital Corporation (WDC) has received all required regulatory approvals for its acquisition of Hitachi Global Storage Technologies (HGST) and that the transaction is expected to close on March 8, 2012.

The acquisition of HGST is expected to be finalized and close on March 8, 2012.

No, this 8-K filing primarily serves as a Regulation FD disclosure and does not contain specific financial statements or detailed operational metrics related to the acquisition. It focuses on the regulatory milestone and expected closing date.

Viviti Technologies, Ltd. is a subsidiary of Hitachi, Ltd. and is the holding company of Hitachi Global Storage Technologies (HGST). Western Digital is acquiring Viviti Technologies, Ltd. to gain control of HGST.