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WD Subsidiary HGST Acquires sTec Discussion


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#1 SR Writer

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Posted 24 June 2013 - 08:44 AM

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



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