EU Objects To $4.3B Western Digital, Hitachi Deal

Law360, New York (August 19, 2011, 5:12 PM EDT) -- California-based Western Digital Technologies Inc. said Thursday the European Union's antitrust watchdog had filed a complaint over the company’s $4.3 billion acquisition of Hitachi Ltd.'s storage technology unit.

Western Digital said in a filing with the U.S. Securities and Exchange Commission that the European Commission had issued a statement of objection as a result of preliminary findings in an investigation of the competitive effects of the proposed transaction on the hard drive industry.

The details of the statement of objection have not been released. In response...
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