WD and sTec are announcing a merger whereby HGST, a subsidiary of WD, will acquire sTec for $340 million in cash - which is $6.85/share. sTec has long been an innovator in enterprise SSDs, and the acquisition cost represents roughly $207 million in enterprise value.
WD Subsidiary HGST Acquires sTec
WD Subsidiary HGST Acquires sTec Discussion
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