Computers M&A » By The Online Investor Staff, updated Tue., Apr. 13, 10:17 AM
Recent mergers and acquisitions in the Computers M&A category.
Slide #41. Western Digital Corporation — sTec, Inc.
| Acquirer: |
Western Digital Corporation (WDC) |
| Acquiree: |
sTec, Inc. (STEC) |
| Details: |
Western Digital Corporation (NASDAQ: WDC) and sTec, Inc. (NASDAQ: STEC) announced today that they have entered into a definitive merger agreement under which sTec, Inc., an early innovator in enterprise solid-state drives (SSDs), will be acquired by HGST, a wholly-owned subsidiary of Western Digital. sTec will be acquired for approximately $340 million in cash, which equates to $6.85 per share. This represents approximately $207 million in enterprise value, net of sTec's cash as of March 31, 2013. |
Western Digital develops, manufactures, and provides data storage devices and solutions. Co.'s portfolio of technology and products address the following markets: Client Devices; Data Center Devices and Solutions; and Client Solutions. Co.'s Client Devices consist of hard disk drives (HDDs) and solid state drives (SSDs), flash-based embedded storage products, and flash-based memory wafers and components. Co.'s Data Center Devices and Solutions consist of enterprise HDDs, SSDs, and platforms. Co.'s Client Solutions consist of HDDs and SSDs embedded into external storage products and removable flash-based products, which include cards, universal serial bus flash drives and wireless drives.
Western Digital SEC Filing Email Alerts Service
Open the WDC Page at The Online Investor »
Western Digital develops, manufactures, and provides data storage devices and solutions. Co.'s portfolio of technology and products address the following markets: Client Devices; Data Center Devices and Solutions; and Client Solutions. Co.'s Client Devices consist of hard disk drives (HDDs) and solid state drives (SSDs), flash-based embedded storage products, and flash-based memory wafers and components. Co.'s Data Center Devices and Solutions consist of enterprise HDDs, SSDs, and platforms. Co.'s Client Solutions consist of HDDs and SSDs embedded into external storage products and removable flash-based products, which include cards, universal serial bus flash drives and wireless drives.
Western Digital SEC Filing Email Alerts Service
Open the STEC Page at The Online Investor »
| Company Name: |
| Western Digital Corp |
| Stock buyback: |
| WDC buyback |
| Website: |
| www.westerndigital.com |
| Sector: |
| Computers |
| Number of ETFs Holding WDC: |
| 83 |
| Total Market Value Held by ETFs: |
| $3.05B |
| Total Market Capitalization: |
| $22.33B |
| % of Market Cap. Held by ETFs: |
| 13.68% |
|
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