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Drivers Tsinghua Unisplendour Cameras
Press Release by btarunrDiscuss (3 Comments)
Western Digital Corporation and Unisplendour Corporation Limited (Unis) today jointly announced that they have entered into an agreement under which a subsidiary of Unis will make a USD $3.775 billion equity investment in Western Digital. Under the terms of the investment, Unis has agreed to purchase newly issued Western Digital common stock at a price of $92.50 per share.
Immediately following the closing of the investment, Unis will hold approximately 15% of Western Digital's issued and outstanding shares of common stock based on the number of issued and outstanding shares as of Sept. 25, 2015. Unis will have the right to nominate one representative to the Western Digital board of directors and will be subject to a five-year position standstill and voting restrictions. The board representative right terminates if Unis' ownership falls below 10%. In addition, Unis has agreed to a five-year lock-up on its shares, with a limited number of shares becoming available for transfer each year.
Proceeds from the investment will go toward strengthening Western Digital's balance sheet, providing financial flexibility and pursuing long-term strategic growth initiatives.
'The equity investment by Unis will help facilitate our growth as we look to capitalize on the many opportunities and changes within the global storage industry,' said Steve Milligan, president and chief executive officer, Western Digital. 'This investment reflects Unis' strong support for Western Digital's value-creation efforts.'
'We are excited to establish a relationship with Western Digital, a leading company in the storage industry with a capable and talented management team and workforce. We believe this long-term investment will serve as a constructive collaboration model for Chinese and U.S. companies to work together for success,' said Weiguo Zhao, chairman of Tsinghua Unigroup and Unisplendour Corporation.
The closing of this investment transaction is subject to certain regulatory approvals and other customary closing conditions.
Wells Fargo Securities, LLC has acted as the financial advisor to Western Digital.
Unisplendour

Driver Webcam TSINGHUA TONGFANG.rar blltly.com/1lgdd9. Under the definitive agreement, Tsinghua Holdings subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP’s China-based server, storage and technology services businesses, for approximately $2.3 billion, valuing the total business at $4.5 billion (net of cash and debt). Drivers unimtec. In Internet Explorer, click Tools, and then click Internet Options. On the Security tab, click the Trusted Sites icon. Click Sites and then add these website addresses one at a time to the list: You can only add one address at a time and you must click Add after each one.

  • Feb 1st 2021Western Digital Reports Fiscal Second Quarter 2021 Financial Results (0)
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  • Sep 3rd 2020Western Digital Sets a New Standard in Data Protection with Ground-Breaking ArmorLock Security Platform (4)

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3 Commentson Western Digital Announces Equity Investment By Unisplendour Corporation

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Hmmm..Although the past few quarters have still seen profits, they have been reducing in margin, IIRC. Basically, WD gave 15% control of the company for some much needed cash. I'm hoping that they use it to invest into the consumer SSD market, as well as Server SSD market.
Although I see HDD's, especially large ones, as still being viable for ten years, I think after that SSD's will dominate everywhere. So, it would be prudent for WD to invest with that money in SSD's. I hope the money wasn't just to give them cash because the financial situation is even more grim.