Western Digital Stock Leaps As Activists Win Push To Study Group Split

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By Martin Baccardax “We are actively engaging in a broad range of strategic and financial alternatives … including Elliott’s offer to invest incremental equity capital in our Flash Business,” said CEO David Goeckeler. Western Digital Corp. (WDC) – Get Western Digital Corporation Report shares jumped higher Wednesday after the chipmaker said it would launch a review of its strategic options following a renewed push by activist investors for the sale of its flash memory business. Activists at Elliott Management, which claims a 6% stake in the group valued at around $1 billion, pledged another …

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