Western Digital Corporation : * Deal for $3.5 billion in cash and 25 million WD common shares valued at $750 million * Western digital to acquire Hitachi Global Storage Technologies * Western digital - plans to fund the transaction with a combination of existing cash and total debt of approximately $2.5 billion * Says expects the transaction to be immediatelyaccretive to its earnings per share on a non-gaap basis * Hitachi ltd. will own about ten pct of westerndigital shares outstanding after issuance of the shares * says two representatives of hitachi
Source
