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Mergers & Acquisitions

Mar. 9, 2011

Company Acquires Hitachi Subsidiary

Irvine-based hard-drive maker Western Digital Corp. agreed to buy competitor Hitachi Global Storage Technologies in a cash and stock transaction valued at $4.3 billion, one of California's largest in 2011.


By Jill Redhage


Daily Journal Staff Writer


Irvine-based hard-drive maker Western Digital Corp. announced Monday its agreement with Hitachi Ltd. to scoop up subsidiary Hitachi Global Storage Technologies in a cash and stock transaction valued at $4.3 billion.


Managing the legal aspects of one of California's biggest transactions so far this year were O'Melveny & Myers LLP and Skadden, Arps, Slate, Meagher & Flom LLP and Affilia...

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