Western Digital Corp , the world's No. 2 hard drive maker, agreed to buy Hitachi Ltd's hard disk drive operations for about $4.3 billion in cash and stock. Western Digital will pay $3.5 billion in cash and $750 million in stock for Hitachi Global Storage Technologies, it said in a statement. After the deal, Hitachi will own 10 percent of Western Digital. Western Digital said it had secured a term loan of $2 billion and a revolving credit facility of $500 million to fund the deal.
Source
