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Western Digital shares rose 10% on the news. The split will leave the data storage products maker with its traditional hard-disk drive business and create two publicly traded firms, giving into ...
A more liquid stock may lower the bid-ask spread on the stock, making it less costly for investors to transact in the stock. To regain compliance with a stock exchange’s rules.
Western Digital makes hard drives, USB drives and memory cards. New York-based Elliott, one of the world's most prominent activist investors, argued in a letter to the board that Western Digital's ...
The announcement comes a month after prominent activist investor Elliott Management disclosed a stake of nearly $1 billion in the company and pushed it to separate its flash and hard-drive business.
Western Digital used (and still uses) Kioxia's facilities for making its own flash memory chips. [14] [15] On August 30, 2019, the company announced that it signed a definitive agreement to acquire Taiwanese electronics manufacturer Lite-On's SSD business for US$165 million. [16] The acquisition closed on July 1, 2020. [17]
Few stocks have had as good a run as Palo Alto Networks (NASDAQ: PANW) has had over the past five years. The cybersecurity company's stock has risen by nearly 360%, which prompted management to ...
Western Digital Corporation (NASDAQ:WDC) stock is about to trade ex-dividend in 4 days time. Investors can purchase...
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