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Western Digital Set To Merge With Japan's Kioxia, Further Consolidating Chip Market

Benzinga

peer Western Digital Corp (NASDAQ: WDC ) are expected to agree on a merger soon. What Happened : The two companies look to set up a holding company to integrate their operations producing NAND flash memory chips, widely used in devices such as PCs and smartphones. Japanese chipmaker Kioxia Holdings and its U.S.

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Kioxia And Western Digital Fast-Track Merger Discussions, Nearing A Deal

Benzinga

Kioxia Holdings Corp and Western Digital Corp (NASDAQ: WDC ) accelerated merger talks have progressed towards a deal as plunging market demand and oversupply of chips weighed on the companies. Kioxia would have a 43% stake and Western Digital a 37% ownership under the deal, Reuters cites familiar sources.

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Why Western Digital Stock Is Rising Today

Benzinga

Western Digital Corp (NASDAQ: WDC ) shares are trading higher Thursday following reports suggesting the company and Kioxia have revived merger talks. What To Know: According to a Bloomberg report , Western Digital restarted talks with Kioxia about combining into one publicly traded company.

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Why Is Western Digital Stock Rising?

Benzinga

Western Digital Corp (NASDAQ: WDC ) shares are trading higher Monday following reports the company is in merger talks with Japan's Kioxia Holdings.

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Western Digital, Japan's Kioxia Holdings Resume Merger Talks: Report

Benzinga

Western Digital Corp (NASDAQ: WDC ) resumed talks with Japan's Kioxia Holdings Corp in a deal that could unite two technology storage providers. The parties discussed merging into one publicly traded company, Bloomberg reports. Also Read: Why Is This Analyst Bearish On. Full story available on Benzinga.com.

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Gibson Dunn Offers 2022 Mid-Year Securities Litigation Update

Reynolds Holding

Lucia Companies, Inc. In Lee Enterprises , a beneficial owner of the company sought to nominate several directors as part of a takeover attempt, but it failed to comply with unambiguous advance notice bylaws requiring it to become a record holder and submit the company’s nominee questionnaire forms before the nomination deadline.