Western Digital Corp's deal to buy Hitachi Ltd's hard disk drive business for $4.3 billion will create the world's largest storage maker with the scale to tap burgeoning demand for solid state drives, sending its shares skyrocketing. Investors cheered the cash-and-stock deal by pushing up Western Digital's stock 19 percent and Hitachi's U.S.-listed stock up 5 percent. Rival Seagate Technology Plc's stock also jumped 12 percent on expectations that the tie-up will remove excess production capacity and halt a price war that had crippled margins in the sector for years.
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