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Hitachi: Transfer Of HDD Operations To Western Digital To Be Delayed

TOKYO -(Dow Jones)- Hitachi Ltd. (6501.TO) said Monday that the transfer of its hard disk drive business to Western Digital Corp. (WDC) will be delayed as the U.S. company is still working on acquiring regulatory approval from the European Commission and other authorities. Hitachi said that the deal, which had been expected to be completed in the October-December quarter, is now expected to be finalized by March 2012. In March, Western Digital agreed to buy Hitachi's disk-drive business for about $4.3 billion in cash and stock, in a deal that will boost Western Digital's share of global disk-drive shipments to nearly 50%. -Tokyo Bureau, Dow Jones Newswires; +81-3-6269-2770

Stock News for Hitachi (HIT)
DateTimeHeadline
02/04/201506:13:00Hitachi to Establish Global Structure for the Social Innovation...
02/03/201505:50:00Hitachi Receives Large Power Transformer Order from US Power...
01/14/201503:33:00Utilizing a Self-steering Robotic Tractor in the Developmental...
01/09/201500:42:00Hitachi Wins an Additional Order for 16 Tilting Rail Cars for...
01/07/201503:43:00Hitachi Begins Shipment of Trains from Kasado Works for the UK...
11/18/201423:20:00Hitachi Secures Contract to Upgrade the Sentosa Express
11/18/201422:53:00Hitachi: Commencement of Feasibility Study on Development and...
11/12/201423:25:00Hitachi Unveils Train for the UK Intercity Express Programme
11/10/201420:35:00Hitachi Enters Agreement with Bonneville Power Administration...
11/10/201403:20:00MHPS Receives order for DeNOx System for Power Plant in Spain
11/05/201421:35:00Hitachi Announces Order for 500kV GIS Substation in Thailand
10/30/201401:30:00Fukushima Experimental Offshore Floating Wind Farm Project Second...
10/23/201422:35:00Hitachi and Veolia Win Contract to build Pretreatment Facilities...
10/22/201402:48:00MHPS Completes World-class Combustion Test Facility For Boilers...
10/09/201423:48:00Hitachi Rail Europe to Provide New Trains for Abellio Franchise...
10/09/201402:35:00Hitachi Hosts "Hitachi Innovation Forum 2014 Singapore"
10/08/201400:54:00Hitachi to Sponsor the Hitachi Scholarship Program for the Asian...
10/01/201402:02:00Hitachi Consulting Acquires Singapore Based Consulting Firm...
09/19/201402:38:00Hitachi Rail Announces Showcase at InnoTrans 2014
09/18/201403:48:00Hitachi Opens European Nuclear Research Centre

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