The American producer of hard disks Western Digital has reached an agreement to buy its rival Stec for 340 million dollars, in a deal that will allow you to increase your market share.
sTec is a veteran California specializing in Flash drives (SSD) who was born in 1990, and in recent years is mired in a crisis because of the advance of companies like the own Western Digital, Seagate or Fusion-io, the current market leader.
In addition, sTec last year suffered a scandal when it was discovered that its co-founder and CEO Manouch'k Moshayedi, who founded the company along with his brother Mike, he had used inside information to profit in the stock market.
For Western Digital purchase lets you focus in disks SSD, a business with a future and growth, in contrast to traditional hard drives.
The offer made from Western Digital amounts to the 6.85 dollars per share, which is equivalent to 91% of the closing share price last Friday.
Finally, should be noted that it is expected that the operation will occur during the third or fourth quarter of this year 2013.
No comments :
Post a Comment