Elliott Pushes Western Digital to Separate Businesses

Elliott Investment Management LP reveals about 6% stake in Western Digital and is pushing the company to separate the traditional hard drive business for computers from the flash memory business

The proposed split would effectively free up Western Digital’s $19 billion acquisition of SanDisk in 2016, which brought together the two companies that provide memory for digital devices. . At the time, the deal was seen as an attempt to diversify Western Digital’s sluggish drive business into SanDisk’s chip-based flash storage technology.

https://www.wsj.com/articles/elliott-pushes-western-digital-to-separate-businesses-11651581545?mod=pls_whats_news_us_business_f Elliott Pushes Western Digital to Separate Businesses

Edmund DeMarche

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