Western Digital (WDC +8.4%) jumps after Reuters reports that the EU plans to conditionally...

|About: Western Digital Corporation (WDC)|By:, SA News Editor

Western Digital (WDC +8.4%) jumps after Reuters reports that the EU plans to conditionally approve its bid to acquire Hitachi's (HIT -1.4%) hard disk drive business. Separately, the company also says it's inked a supply agreement with TDK for hard-disk-drive components starting in the first quarter, which should alleviate some of the production problems the company is experiencing due to  Thailand floods.