8-KRegulation FDExhibits & Filings

WESTERN DIGITAL CORP 8-K Report, Regulation FD Disclosure (Sep 9, 2013)

Filed September 9, 2013For Securities:WDC

Summary

Western Digital Corporation (WDC) announced on September 9, 2013, its entry into an Agreement and Plan of Merger to acquire Virident Systems, Inc. This strategic move will make Virident a wholly-owned subsidiary of WDC's subsidiary, HGST, Inc. The acquisition signifies WDC's commitment to expanding its presence and capabilities in the storage solutions market. Investors should note that this filing is primarily a disclosure of the merger agreement, with detailed financial terms and strategic implications likely to be elaborated in subsequent filings or press releases. The acquisition of Virident, a company likely operating in the flash storage or solid-state drive (SSD) sector given industry trends at the time, suggests WDC is aiming to enhance its product portfolio and technological offerings in high-growth areas of the storage industry.

Key Highlights

  • 1Western Digital Corporation (WDC) is acquiring Virident Systems, Inc.
  • 2Virident Systems, Inc. will become a wholly-owned subsidiary of HGST, Inc., a WDC subsidiary.
  • 3The announcement was made via a press release filed as an exhibit to the 8-K.
  • 4This 8-K filing serves as a public disclosure of the merger agreement.
  • 5The transaction is structured as a merger agreement.
  • 6The filing falls under Regulation FD Disclosure (Item 7.01).

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly announce that Western Digital Corporation has entered into an Agreement and Plan of Merger to acquire Virident Systems, Inc.

Western Digital Corporation, through its subsidiary HGST, Inc., is acquiring Virident Systems, Inc.

While not explicitly stated in this 8-K, Virident Systems, Inc. was a company operating in the flash storage and solid-state drive (SSD) sector, indicating WDC's strategic interest in expanding its presence in these rapidly growing markets.

No, this 8-K filing primarily serves as a notice of the merger agreement. Specific financial terms and transaction details of the acquisition are not provided in this document and would typically be disclosed in subsequent filings or press releases.