Needham & Company 'Very Positive' on Western Digital (WDC) Investment News
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Western Digital Announces Equity Investment By Unisplendour Corporation Limited
September 30, 2015 7:00 AM EDTIRVINE, Calif. and BEIJING, Sept. 30, 2015 /PRNewswire/ -- Western Digital® Corporation (NASDAQ: WDC) and Unisplendour Corporation Limited (Unis) today jointly announced that they have entered into an agreement under which a subsidiary of Unis will make a $3.775 billion equity investment in Western Digital. Under the terms of the investment, Unis has agreed to purchase newly issued Western Digital common stock at a price of $92.50 per share.
Immediately following the closing of the investment, Unis will hold approximately 15% of Western Digital's issued and outstanding shares of common stock based on... More
